The British Columbia Securities Commission and other participating Canadian securities regulators are seeking comments from retail investors on proposed changes to the regulatory regime that governs junior public companies, or venture companies, in Canada. These companies list their shares on exchanges like the TSX Venture Exchange, and are usually smaller companies with limited resources.

The proposed rule introduces changes to the current regulatory regime for venture companies. The goal is make these companies’ disclosure more useful and user-friendly for investors, while creating a regime that is more suitable and manageable for venture companies. More information can be found here and comments can be made on or before October 27, 2011 when the survey closes.

Last year, BCSC staff and other CSA representatives met with investors, industry representatives, from across the country to discuss existing and proposed rules for venture issuers, and obtain feedback.

To help us better understand retail investors’ needs in this market, we are asking Canadians who invest in junior public companies to fill out a short survey that asks what information is important to them. In particular, we are interested in finding out how much retail investors rely on financial reports to make investment decisions.

You will find the survey here:

(For the survey in French, click here)

Your participation in the survey, and the information you provide, will be treated in confidence to the fullest extent permitted by law. Publication of information from the survey will be aggregated and no identifying information will be released.

Suggested Reading

Investor Watch: principal protected notes (PPNs)

Speaking to the Fraud Examiners

Three men arrested in Saanich on criminal code and Securities Act charges

More Resources

New Video: Using a Registered Financial Advisor

Last week we blogged about the video Informed Investing: Investment Fees, that we launched on October 9 to supplement the Guide to Investing: How to be an Empowered Investor. This week we are featuring the video Informed Investing: Using Registered Financial Advisor that discusses how to practice due diligence in researching a financial advisor or firm. […]

Take the Fraud Challenge on our updated mobile app

This week, we are rolling out an updated version of our Be Fraud Aware mobile application that you will see advertised on and around public transit across the Lower Mainland. The updated app is now available for Android devices, and it includes a new tool, the Fraud Challenge. The Fraud Challenge is a five-question quiz […]