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OSC Staff Notice 43-706: Pre-filing Review of Mining Technical Disclosure

from Ontario Securities Commission

In November, 2018 the Ontario Securities Commission (OSC) created a burden reduction task force to refocus our efforts on reducing unnecessary regulatory burden. Consultations were launched on January 14, 2019 with the publication of OSC Staff Notice 11-784 Burden Reduction. One of the issues that emerged from our consultations as a burden on reporting issuers in the mining sector is the uncertainty caused by the potential for technical disclosure issues to be identified during a short form prospectus offering. Given the typical timeline of a short form prospectus offering, any delay can be potentially disruptive and costly. more

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