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OSC Publishes 2016-2017 Statement of Priorities

  • Securities - OSC Image

Jun 09, 2016

On June 9, 2016, the Ontario Securities Commission (OSC) published its 2016-2017 Statement of Priorities, which sets out priority areas where the OSC intends to focus key resources and actions for the coming fiscal year, as well as the expected outcomes.

The OSC received 23 comment letters on its draft 2016-2017 Statement of Priorities, which were taken into consideration in finalizing the document.The responses were broadly supportive of the overall direction of the OSC goals and priorities and included support for:

  • the work of the OSC Investor Office and its commitment to expand and modernize the OSC’s efforts in investor engagement, research, education and outreach and bring new perspectives to policy-making and operations
  • improved regulatory harmonization including pursuit of a national regulator and greater CSA cooperation
  • continued focus on gender diversity, including additional diversity measures for board members and executive and senior management positions

Other specific support was noted for the various proposals including the whistleblower program, the review of fixed income and research based work including post-implementation review of policies and rules.

The OSC continues to receive comments focused on the pace of regulatory development for various initiatives. These comments often vary depending on whether the commenter supports or opposes the initiative. The OSC is aware of these concerns and is committed to trying to achieve timely policy development where practical. However, to achieve harmonized, national regulatory solutions requires collaboration with other regulators and as a result, timelines and completion dates are often not entirely within our control. The OSC will continue to seek CSA-wide solutions that address regulatory issues, but where necessary may need to introduce Ontario only solutions if consensus cannot be achieved that addresses the issues in a timely
manner.

Review the 2016-2017 Statement of Priorities on the OSC's Web site.

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