The OSC has announced that beginning on May 1, its Enforcement Branch will launch a pilot mediation program for respondents involved in enforcement proceedings before the OSC. Under the pilot program, respondents will have the option of participating in a mediation with an independent third-party mediator pursuant to standard terms of a mediation agreement, including confidentiality terms. A settlement agreement arising from mediation would still have to be approved by the OSC at a settlement approval hearing. Further information on the program is available on the OSC website.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.