The OSC recognizes the importance of co-operating with its regulatory counterparts nationally and internationally. In fulfilling its mandate, the OSC works to ensure that Ontario’s capital markets and financial services regulatory system are nationally harmonized, internationally co-ordinated and globally competitive.
The OSC is an active member of the Canadian Securities Administrators (CSA), the forum for the 13 securities regulators of Canada’s provinces and territories. Within the CSA, the OSC works to foster a co-ordinated and modernized securities regulatory framework.
The OSC also actively participates in policy-making and standards-setting on the international level. By working with other regulators and participating in international organizations and associations, the OSC can better promote harmonization of regulatory regimes, influence the debate about global standards and take action to give effect to standards that provide protection to investors and foster fair and efficient capital markets.
This is particularly important in the enforcement area, where co-ordination and co-operation enable regulators to exchange information, facilitate investigations, and identify and close gaps in regulation between jurisdictions that may be used to support illegal conduct.
The OSC has entered into a number of memoranda of understanding (MOUs) with regulators in other jurisdictions. For example, the OSC has entered into the International Organization of Securities Commissions (IOSCO) Multilateral MOU, which fosters co-operation and information-sharing on enforcement among IOSCO jurisdictions.