Notice of Ministerial Approval of Co-Operation Agreement Concerning Innovative Fintech Businesses with the Hong Kong Securities and Futures Commission

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On September 7, 2021, the Minister of Finance approved, pursuant to section 143.10 of the Securities Act (Ontario), the Co-operation Agreement ("the Agreement") entered into between the Ontario Securities Commission (and certain other provincial securities regulators) and the Hong Kong Securities and Futures Commission ("SFC"), concerning co-operation and information sharing between authorities regarding their respective innovation functions.

The Agreement provides a comprehensive framework for co-operation and referrals related to the innovation functions which were established through the CSA Regulatory Sandbox initiative and by the SFC.

The Agreement came into effect on September 7, 2021. The Agreement was published in the Bulletin on July 8, 2021 at (2021), 44 OSCB 5743.

Questions may be referred to:

Stephanie Tjon
Manager, OSC LaunchPad
Office of Economic Growth & Innovation
416-593-3655
[email protected]

 

Yan Kiu Chan
Senior Advisor
Global and Domestic Affairs
416-204-8971
[email protected]