The Ontario Securities Commission (OSC) granted Fortrade Canada Limited (the Filer) an exemption from the prospectus requirement for distributing contracts for difference (CFDs) and over-the-counter (OTC) foreign exchange contracts to investors in certain Canadian jurisdictions. The Filer, registered as an investment dealer and a member of the Canadian Investment Regulatory Organization (CIRO), complies with CIRO rules and acceptable practices for offering CFDs. The decision aligns with OSC Staff Notice 91-702 and includes conditions such as providing a risk disclosure document similar to OSC Rule 91-502, maintaining CIRO membership, and adhering to CIRO rules. The relief is granted for up to four years or until relevant legislation changes. The decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, sections 53 and 74(1), and OSC Rule 91-502.
