Industry

  Section Menu

Director's Decisions

When staff recommends that the Director refuse, amend, or suspend registration, or impose terms and conditions, staff will send the registrant a letter providing written notice of its recommendation and brief reasons for it (the Letter of Brief Reasons). When the recommendation pertains to an individual applicant or registrant, OSC staff also sends a copy of the Letter of Brief Reasons to the sponsoring firm. Section 31 of the Act then gives the registrant the right to be heard by the Director before a decision is made concerning staff’s recommendation. This is known as an “opportunity to be heard”.

An opportunity to be heard is normally conducted in writing, although it can be conducted in person. The Director will issue a decision on the matter in writing to the firm or individual, and to OSC staff. The firm or individual has the right to ask the OSC to review the Director’s decision.

Registrants should be advised that staff will publish the following types of Director decisions:

  • decisions for contested OTBHs;
  • decisions approving joint recommendations to settle an OTBH where the recommendation is that the registrant be suspended;
  • decisions approving joint recommendations to settle an OTBH where the recommendation is that terms and conditions requiring strict supervision be imposed.

Furthermore, staff will publish the following even when an OTBH has not been requested:

  • decisions to suspend a registrant; and
  • decisions to impose terms and conditions requiring strict supervision.

Listed below are Director’s decisions relating to opportunities to be heard since 2003.

This page presents decisions of the Director on registration matters arising out of Opportunities to be Heard according to topic. The headings used on this page represent some of the main issues that arise in these Director decisions.

The fact that a decision is listed under a particular heading means that the conduct described by the heading was alleged in the case, and not necessarily that the Director found the individual or company responsible for the conduct. In addition, some decisions involve more than one issue and accordingly they appear under multiple headings. Stakeholders should read a decision in full before referring to it for any purpose.

This page includes decisions of the Director on registration matters that have been issued since March 12, 2003, however stakeholders should determine whether there are any earlier decisions of the Director or the Commission that may be relevant for their purposes. Decisions of the Director and the Commission can be found in the OSC Bulletin.

This page is for informational purposes only, and is not intended to be legal advice. Stakeholders may wish to consult legal counsel if they have any questions about the application of a particular decision to their own circumstances.