Proposed Changes to OSC Whistleblower Program
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.
