OSC REQUEST FOR COMMENTS 11-902

REGARDING STATEMENT OF PRIORITIES

FOR FISCAL YEAR ENDING MARCH 31, 2006

The Securities Act requires the Commission to deliver to the Chair of Management Board of Cabinet (the "Minister") and publish in its Bulletin by June 30 of each year a statement of the Chair setting out the proposed priorities of the Commission for its current fiscal year in connection with the administration of the Act, the regulations and rules, together with a summary of the reasons for the adoption of the priorities.

In an effort to obtain feedback and specific advice on the proposed objectives and initiatives, the Commission is publishing a draft of the Statement of Priorities in Chapter 6. The Commission will consider the feedback, and make any necessary revisions prior to finalizing and publishing its 2005/2006 Statement of Priorities.

The Statement of Priorities, once approved by the Minister, will serve as the guide for the Commission's ongoing operations.

Comments

Interested parties are invited to make written submissions by June 6, 2005 to: