New OSC Opportunity For Retail Investors

In October 2024, the Ontario Securities Commission (“OSC”) released a Consultation Paper 81-737 (the Proposal) for comment to enable retail investors access to illiquid long-term assets through a new type of prospectus-qualified investment fund.    The “Ontario Long-Term Fund” (“OLTF”) would invest in long-term assets through shares in collective investment vehicles (“CIVs”) with at least one institutional, cornerstone...