The government of Ontario has published for comment the draft amendments that are required to implement registration reform.

On February 29, the Canadian Securities Administrators published the latest version of proposed registration reforms for a second comment period. In the notice accompanying the publication, the Ontario Securities Commission indicated that amendments to securities legislation would be required to implement some of the proposed changes and that the government might publish a consultative draft of possible amendments for public review.

The government has now published that draft. The OSC issued a notice to describe how some provisions of registration rule would change if the draft amendments come into force. If passed by the legislative assembly of Ontario, the draft amendments would require changes to the rule because a number of provisions in the draft amendments duplicate provisions in the proposed rule.

Since these changes are only required because of certain provisions in the draft amendments, they would only be made if those provisions of the draft amendments come into force.

The OSC is encouraging comment on the draft amendments and the changes to the rule that would result.