OSC publishes annual summary report to assist registrants

TORONTO – The Ontario Securities Commission (OSC) today published an Annual Summary Report, which sets out expectations for firms and individuals directly regulated by the OSC.

OSC Staff Notice 33-745 – 2014 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers prepared by the Compliance and Registrant Regulation Branch (CRR) is designed to enhance the understanding by firms and individuals of their obligations under Ontario securities law. The Report summarizes new and proposed rules, OSC initiatives impacting registrants and highlights key findings from compliance reviews of registrants and guidance to address and prevent any deficiencies raised in the reviews. 

“This report is a key part of our ongoing outreach to Ontario registrants,” said Debra Foubert, Director of CRR at the OSC. “We strongly encourage registrants to read and use this report as a self-assessment tool to strengthen their compliance with Ontario securities law.”

In addition to highlighting the results from the compliance reviews conducted by CRR, the Report also highlights efforts relating to key policy initiatives.  

The OSC remains committed to continuing its dialogue with registrants, as industry engagement is paramount to ensuring strong regulatory compliance.  This is evident through our Registrant Outreach program.  Any questions regarding the Report can be addressed to Merzana Martinakis, [email protected].

The OSC is the regulatory body responsible for overseeing Ontario’s capital markets. The OSC administers and enforces Ontario’s securities and commodity futures laws. Its mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets.

 

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