Ontario Securities Commission Creates New Innovation Office to Boost Long-Term Economic Growth

Ontario Securities Commission Creates New Innovation Office to Boost Long-Term Economic Growth
Ontario Finance Minister Vic Fedeli (R) is handed a copy of the 2019 budget as Premier Doug Ford looks on at the legislature in Toronto on April 11, 2019. Frank Gunn/The Canadian Press
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The Ontario Securities Commission has announced the creation of a new branch that will focus on promoting innovation, bolster new ways of raising capital, and reduce regulatory burden.

A charter that sets out the vision, role, and strategic objectives of the OCS’s new Innovation Office says it was created in response to the Ontario government’s push to lower business costs, boost confidence, and attract skilled professionals to the province’s capital markets and financial services.