Notice of Coming into Effect of Co-operation Agreement Concerning Innovative Fintech Businesses with the Financial Supervisory Commission of Taiwan
NOTICE OF COMING INTO EFFECT OF
CO-OPERATION AGREEMENT CONCERNING
INNOVATIVE FINTECH BUSINESSES WITH
THE FINANCIAL SUPERVISORY COMMISSION OF TAIWAN
In June, the Ontario Securities Commission, together with the Québec Autorité des marchés financiers, British Columbia Securities Commission, the Alberta Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Manitoba Securities Commission, the Financial and Consumer Services Commission (New Brunswick) and the Nova Scotia Securities Commission, entered into a Co-operation Agreement ("the Agreement") with the Financial Supervisory Commission of Taiwan ("FSC") 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 FSC.
The Agreement was delivered to the Minister of Finance on June 9, 2020 and came into effect on August 10, 2020, pursuant to section 143.10 of the Securities Act (Ontario). The Agreement was published in the Bulletin on June 11, 2020 at (2020), 43 OSCB 4865.
Questions may be referred to:
Pat Chaukos
Director
Office of Economic Growth and Innovation
416-593-2373
Yan Kiu Chan
Senior Advisor
Global & Domestic Affairs
416-204-8971