Coming on the heels of the OBA Franchise Section's November 19, 2019 dinner program "If I Could Revise the Franchise Laws in Canada", the Ministry of Government and Consumer Services recently completed a public consultation process for proposed changes to the regulations under the Arthur Wishart Act (Franchise Disclosure), 2000, SO 2000, c 3 (the “AWA”).
The proposed changes are among the first of the Business Law Modernization and Burden Reduction Council’s (the “Council”) recommendations to be taken up by the Ministry. In addition to the proposed changes to the regulations under the AWA, the consultation also sought public feedback on proposed changes to the Ontario Business Corporations Act and the Personal Property Securities Act.
The Ontario government formed the Council as a short-term advisory body comprised of lawyers and a former Justice of the Ontario Superior Court of Justice. The Council is the successor to the earlier Business Law Advisory Council and shares a similar mandate: to make recommendations to the Government on how to modernize Ontario's corporate and commercial statutes to support the Government's commitment to reduce the burden on business and foster a good business climate in Ontario.