The OSC’s Investor Advisory Panel also raised concerns about unintended consequences from the client-focused reforms
The OSC's Investor Advisory Panel recommended enhanced risk disclosure that explains private investments’ redemption costs and fee structures clearly.The Ontario Securities Commission is moving ahead with a project to make private market investment funds more accessible to investors, a proposal supported by asset managers while investor advocates raised concerns.
The IAP said in its submission to the OSC consultation that the “nature and structure of long-term illiquid assets does not render them a suitable investment for a large swath of the retail investing public.” OSC chief executive officer Grant Vingoe said the LaunchPad project would provide new opportunities for firms and investors while providing oversight and protection.
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