Investors wanted: Seeking input on proposed rules for venture companies

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: http://www.bcsc.bc.ca/surveys/external/2011/investoren_c.htm

(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.