Co-operative Corporations
Public comment closed
Comment Due Date

The Financial Services Regulatory Authority of Ontario (FSRA) is developing Interpretation and Approach guidance that identifies higher risk offerings and sets out enhanced disclosures by co-operative corporations (co-ops) that are raising capital. We are now consulting on the proposed guidance.

The Co-operative Corporations Act (CCA) requires that co-ops provide “full, true and plain disclosure” in their offering statements. This protects investors and helps them make informed investment decisions.

The proposed guidance will set out specific risk factors and information that co-ops must disclose when issuing securities to comply with FSRA’s interpretation of the requirements under the CCA. This non-exhaustive list includes debt repayment details, insolvency rankings and financial obligations. Potential investors will better understand the related risks before deciding whether to purchase these securities.

The proposed guidance will apply to high-risk offerings by co-ops.

We invite you to submit feedback until November 18, 2020.

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Co-operative Corporations
[2020-013] Jean-François Parent - Conseil de la coopération de l'Ontario (CCO)

Prière de trouver en pièce jointe à ce courriel une lettre provenant de notre direction générale concernant l’annonce de l’ARSF concernant les protections pour ceux qui investissent dans les offres à risque élevé de sociétés coopératives. Notre organisme, le Conseil de la coopération de l'Ontario (CCO), l'organisme de représentation, de promotion et de développement du secteur coopératif en Ontario français et bilingue, souhaite participer activement à l'examen des nouvelles lignes directrices qui seront émises prochainement. Cette lettre fait état de notre position, de notre vision pour le secteur, et des façons dont nous pouvons collaborer sur ce dossier.

Pour toute question ou commentaire, n'hésitez pas à communiquer avec nous. Nous sommes disponible pour répondre à toute demande d'information concernant ce dossier par téléphone, par courriel ou par visioconférence.

Merci beaucoup et très bonne journée.

En coopération, 

Jean-François Parent| Gestionnaire, Responsable des opérations : Est de l'Ontario
| Manager, Operations Manager: Eastern Ontario 
T: 613-745-8619 poste/ext. 103
[email protected] -
223, rue Main Street, boîte/Box 90
Ottawa (Ontario) K1S 1C4
Financial Planners and Advisors
[2020-013] Canadian Advocacy Council - CFA Societies Canada
Please find attached a comment letter on behalf of The Canadian Advocacy Council of CFA Societies Canada.

We welcome the opportunity to engage with you further on any key priority in front of you and your team.


The Canadian Advocacy Council of CFA Societies Canada
120 Adelaide Street West, Suite 2205|Toronto, ON M5H 1T1
Phone: 416.366.3658 | [email protected] |

Co-operative Corporations
[2020-013] Erin Morgan - Ontario Co-operative Association
Please see the attached submission from Ontario's Co-operatives Sector.
No questions have been asked about this consultation yet.