OSC Launches Canada’s First Regulatory Sandbox for Fintech

[kreslik.news]

The Ontario Securities Commission (OSC), one of the thirteen provincial financial regulators in Canada, today unveiled a new fintech-focused hub called LaunchPad which aims to help guide FinTech startups through the complexities of the regulatory framework.

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LaunchPad will be staffed by a dedicated team who will work directly with fintech companies to help them navigate, and even potentially tailor, Ontario’s securities laws while ensuring investors remain protected.  The OSC says that given the size of the Ontario Securities Act and its regulations, there is a compliance burden. As ... (read more)