OSC REQUEST FOR COMMENTS

REGARDING STATEMENT OF PRIORITIES

FOR FISCAL YEAR ENDING MARCH 31, 2007

The Securities Act requires the Commission to deliver to the Minister and publish in its Bulletin by June 30 of each year a statement of the Chairman 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 our proposed objectives and initiatives, the Commission is publishing a draft Statement of Priorities which follows this Request for Comments. The Commission will consider the feedback, and make any necessary revisions prior to finalizing and publishing its 2006/2007 Statement of Priorities.

The Statement of Priorities, once approved by the Minister, will serve as the guide for the Commission's ongoing operations. At that time we will also publish a report on our progress against our 2005/2006 Priorities on our website.

Comments

Interested parties are invited to make written submissions by May 23, 2006 to: