BAX Securities Law is one of the leading boutique law firms in Canada assisting clients in the legal aspects of online lending platforms that connect borrowers directly with investors, bypassing traditional banks ensuring compliance with financial regulations, securities laws, and consumer protection rules.
Introduction On January 22, 2021, the Capital Markets Modernization Taskforce (Taskforce) released its final report (Report). The Taskforce was established by the Ontario Provincial Government to help transform the regulatory landscape for the capital markets sector, and advise the Minister of Finance on how to…
BackgroundOn October 24, 2016, the Ontario Securities Commission (“OSC”) announced its new innovation hub “Launchpad” for market participants in the fintech area to “help companies navigate” and possibly “tailor” the securities regulatory framework. The OSC Launchpad, which is said to be a first for Canadian…
The Ontario Securities Commission (“OSC”) has published a notice to businesses which are seeking to enter the peer-to-peer lending space in Canada. According to the OSC, depending on the structure, underlying facts and circumstances, a loan arrangement entered into on a peer-to-peer lending website may…