TORONTO, July 4, 2012 /CNW/ - The Ontario Securities Commission (OSC)
today launched the OSC SME Institute, a series of tailored educational
seminars geared toward small and medium enterprises (SMEs), to assist
SMEs with market access, capital raising and cost-effective regulatory
compliance.
As part of the OSC's effort to support SMEs, while safeguarding
investors, the OSC SME Institute will provide SMEs with practical
knowledge that can be applied to their businesses. Addressing specific
topics relevant to SMEs in different industries across Ontario, the
seminars will inform attendees on how to avoid common deficiencies and
navigate Ontario's regulatory requirements. SMEs will also hear
first-hand from OSC Staff and industry representatives on the latest
issues impacting their markets.
"Small and medium enterprises are a vital sector for Ontario's capital
market and are essential contributors to the economic growth of our
province," said Maureen Jensen, OSC Executive Director and Chief
Administrative Officer. "It is important that the OSC encourages this
sector by providing tailored tools and guidance that will assist in
fostering strong regulatory compliance."
SMEs form a significant portion of the Ontario market with approximately
36 per cent of Canadian SMEs recorded as Ontario-based, representing 97
per cent of Ontario-based businesses1. Recognizing their significance, the OSC SME Institute is an important
element of the OSC's targeted initiative to further engage SMEs,
encourage stronger compliance and continuously develop tailored
regulation for small issuers.
Interested SMEs can find the OSC SME Institute seminar calendar and
course descriptions on the Small and Medium Enterprises page of the OSC
website.
SME's are also encouraged to join the OSC's SME Community to receive
regular updates on OSC initiatives, policies and programs impacting
their market, as well as OSC publications and guidance tools that will
provide further direction on the OSC's expectations regarding filings.
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1 Industry Canada, SME Financing Data Initiative, 2007
