OSC publishes 2020-2021 statement of priorities
The regulator published an invitation for comment on its existing priorities on April 30. It received seven comment letters, which it said were generally supportive of the OSC’s leadership and proposed direction.
The OSC also published its report on the Statement of Priorities for Fiscal 2019-2020, which included information on key accomplishments and progress made for the last fiscal year.
Among the achievements highlighted were its report on regulatory burden reduction for market participants, the publication of a report on improving fee disclosure through behavioural insights, the publication of proposed amendments to NI 31-103 to address issues of financial exploitation, and a landmark whistleblower award of more than half a million dollars.
It identified several ongoing and upcoming initiatives such as a proposed rule to prohibit payment of trailing commissions to OEO dealers; a report on protecting older investors through behavioural insights; and the publication of a survey capturing the impact of the COVID-19 market volatility on the investor experience.