About the OSC
Co-operation
Capital markets are essential to economic growth in Ontario. The OSC recognizes the need for co-operation with its regulatory counterparts in the securities, banking, pension and insurance sectors in order to support investor protection and market efficiency.
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 coordinated and modernized securities regulatory framework. Moreover, the OSC supports the CSA’s efforts to develop policies and regulations that are harmonized and consistent across the country. The CSA is also a member of the Joint Forum of Financial Market Regulators, through which pension, securities and insurance regulators co-ordinate, harmonize and streamline the regulation of financial products and services in Canada.
To promote harmonization and co-operation among international regulators, the OSC contributes to the policy-making initiatives of several organizations. The OSC is an active member of the International Organization of Securities Commissions (IOSCO), the North American Securities Administrators Association (NASAA), the Council of Securities Regulators of the Americas (COSRA) and the International Joint Forum. The OSC supports the development and implementation of international best practices in the regulation of global capital markets.
The OSC also co-operates with international regulatory and law enforcement agencies to identify and, to the extent possible, close gaps in regulation between jurisdictions that may be used for illegal market conduct. The OSC has entered into international memoranda of understanding (MOUs) with other jurisdictions, including the U.S. Securities and Exchange Commission (SEC), to enhance information-sharing and strengthen enforcement efforts.
