Here are some highlights from the OSC Whistleblower Program:

• The program was launched in July 2016 and, as of the end of June 2018, has generated approximately 200 tips, an average of about two per week.
• Timely, specific and credible tips about securities-related misconduct can be submitted by one or more individuals, and can be submitted anonymously through counsel. The OSC makes all reasonable efforts to protect whistleblowers’ identities.
• All tips undergo a review process to determine the appropriate course of action. Currently, 22 percent of the total number of tips received (45) are under review.
• Ten per cent of tips (19) warranting further action by the OSC were referred to Enforcement, of which 15 (or 7 per cent) are associated with active investigations. Thirty-five per cent of tips (68) were or are in the process of being shared with another OSC operating branch or another regulator for further action.
• Awards are paid after cases are concluded and all rights to appeal have expired. Investigations and proceedings involving securities-related misconduct can be complex, and may take several years to complete before an award can be made.
• The OSC values whistleblower tips and reviews each one carefully. In some cases, tips may not be actionable, for example, because matters fall outside of the OSC’s jurisdiction.

Review the update on the OSC's website.