OSC Publishes Updated Rules of Procedure and Practice Guideline for Comment

TORONTO, April 20, 2017 /CNW/ - The Ontario Securities Commission (OSC) today published for comment proposed Rules of Procedure and Forms and a Practice Guideline for Commission proceedings.

The objective of the Rules is to ensure that Commission proceedings are conducted in a just, expeditious and cost-effective manner. The Guideline assists with the application of the Rules and sets out timelines for procedural steps.

"The OSC is committed to ensuring that proceedings are accessible to stakeholders, and that our procedures reflect evolving best practices," said Grace Knakowski, Secretary to the Commission.

The proposed Rules and Guideline have been updated to help unrepresented and represented respondents fully participate in proceedings. The proposed Rules and Guideline incorporate recent guidelines on electronic submissions, the use and disclosure of personal information, and case management timelines for enforcement proceedings, among others.

The OSC invites stakeholders to provide written comments on the proposed Rules and Guideline by June 19, 2017.

The Rules were last updated in 2014, while guidelines have been amended or added on an ongoing basis.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

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SOURCE Ontario Securities Commission

For further information: For Media Inquiries: media_inquiries@osc.gov.on.ca; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free)

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http://www.osc.gov.on.ca

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