David Gilkes, vice chairman of the Exempt Market Dealers Association and president of North Star Compliance & Regulatory Solutions Inc., says that the OSC needs to publicly announce its new regulation strategy for exempt market dealers before contacting clients directly -- a move he views as potentially destructive to clients' relationships with dealers. Gilkes spoke at the 2012 EMDA conference in Toronto.
EMDA calls on regulator to actively publicize new policy
The lack of harmonized rules across the country is a major source of frustration
Industry awards recognize exempt market business leaders in Canada
Regulator expects to move towards mandatory electronic filing in the future
The EMAC will inform OC staff on regulatory approaches to the capital raising segment of the exempt market
Regulator to consider whether new exemptions are needed
EMGateway aims to connect investors with exempt market issuers, dealers and reps
Ontario Securities Commission reviewing KYC process for accredited investors
Deadline for nominations is May 21