ARTICLE
10 April 2014

OSC Releases Draft Statement Of Priorities For 2014-2015

SE
Stikeman Elliott LLP

Contributor

Stikeman Elliott LLP logo
Stikeman Elliott is a global leader in Canadian business law and the first call for businesses working in and with Canada. We provide clients with the highest quality counsel, strategic advice, and creative solutions. Stikeman Elliott consistently ranks as a top law firm in our primary practice areas. www.stikeman.com
The Ontario Securities Commission yesterday released for comment its draft statement of priorities for the financial year ending March 31, 2015.
Canada Corporate/Commercial Law

The Ontario Securities Commission yesterday released for comment its draft statement of priorities for the financial year ending March 31, 2015.

The draft statement specifically identifies five regulatory goals for the following year, namely: (i) delivering strong investor protection, including by evaluating options in regards to the best interest duty and continuing the point of sale initiative for mutual funds; (ii) delivering responsive regulation, including by publishing proposals to update the order protection rule and continuing work on proposals to enact new capital raising prospectus exemptions; (iii) delivering effective enforcement and compliance oversight and efforts; (iv) supporting and promoting financial stability, including by working with CSA colleagues to create a harmonized and efficient OTC derivatives regime in Canada and continuing work on a cooperative securities regulator; and (v) running a modern, accountable and efficient organization, including identifying ways to reduce the regulatory burden and using electronic solutions when appropriate.

The OSC is accepting comments on its draft statement of priorities until June 1, 2014. For more information, see OSC Notice 11-769.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More