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Proposed Changes to OSC Whistleblower Program

  • Securities - OSC Image

Jan 18, 2018

On January 18, 2018, the Ontario Securities Commission (OSC) published a proposed change to OSC Policy 15-601 Whistleblower Program. Comments are requested by March 20, 2018.

Two potential changes to the Whistleblower Program have been flagged by the Ontario government and the Commission, respectively.

  • The Ontario government said it intends to introduce a civil cause of action for whistleblowers who experience reprisal for cooperating with the Commission.
  • The Commission has proposed revisions to the Whistleblower Program to clarify that in-house counsel who report misconduct in breach of applicable law society rules will not be eligible for a whistleblower award.

Review the OSC Notice on the OSC's website and a summary on Torys LLP's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.