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Securities Act will soon include whistleblower protections

  • Securities - OSC Image

May 20, 2016

On May 20, 2016, Stikeman Elliott released an article where they discuss that employees in Ontario can soon expect to be protected from anti-retaliatory measures in connection with whistleblowing activities.

As part of the Ontario Budget Measures Bill 173,which received royal assent on April 19, 2016, the Ontario government has approved amendments to the Securities Act (Ontario) (OSA) that are intended to implement protection for reprisals against employees who provide information about a possible contravention of Ontario securities law, or a by-law or other regulatory instrument of a recognized self-regulatory organization (SRO), or who are involved in an investigation or proceeding related to the information provided.

Review a summary on the Stikeman Elliott's Web site.

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