In a statement yesterday (Thursday, February 19th), the Ontario Securities Commission shared they expect to release crowdfunding rules this coming summer. The proposed rules entered a comment period last year and the Commission has been in the process of reviewing the feedback;
“The comment period ended on June 18, 2014 and the participating CSA jurisdictions collectively received approximately 916 comment letters regarding the OM exemption and approximately 45 comment letters regarding the crowdfunding regime. We are reviewing the comments and our goal is to publish the OM exemption and the crowdfunding regime either in final form or, if warranted, for a second comment period, in summer 2015.”
