Province Launching Consultations to Cut Red Tape

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Ontario is asking businesses and the public to help identify and improve regulations that are unclear, outdated, redundant or unnecessarily costly for the financial services sector.

This input will be used to help make it simpler for businesses to interact with government, innovate and grow, without jeopardizing essential standards that protect the public interest.
Ontario’s financial services sector is the second-largest in North America after New York, based on employment, with approximately 12,000 companies employing more than 380,000 people across the province.

Feedback can be provided online by visiting ontario.ca/RedTapeChallenge, a crowd-sourced platform that gives businesses and other interested Ontarians the chance to review current regulations and suggest improvements. The deadline for submissions is January 31, 2017.
Reducing regulatory burden is part of Ontario’s plan to create jobs, grow our economy and help people in their everyday lives.