CALGARY, Feb. 13, 2017 /CNW/ - The Alberta Securities Commission (ASC) today announced its three year Strategic Plan detailing how the organization will keep ahead of new trends that may influence market standards, while continuing their efforts to be an agile and responsive securities regulator.
"The ASC Strategic Plan is the blueprint for our path forward, outlining where we are at present, where we want to be in three years, and how we plan to get there," said Stan Magidson, Chair and Chief Executive Officer of the ASC. "Regulating the Alberta capital market is our raison d'être. We must do it intelligently, anticipating the future needs and challenges with a strong sense of collaboration."
Through execution of this strategy, the ASC will be better positioned to react to Alberta's changing economic environment, while upholding a regulatory framework where capital markets can thrive and where there is strong investor protection against market misconduct.
The foundation of the ASC Strategic Plan centres on three strategic pillars that will guide our priorities to 2020; delivering intelligent and relevant regulation; ensuring proactive and comprehensive compliance, enforcement and education; and fostering a culture of engagement. Details include key initiatives that will support the organization in achieving these goals. The strategic plan was developed through a rigorous consultation and review process, and a thorough environmental scan.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission
For further information: For Media Inquiries: Nicole Tuncay, Senior Communications Advisor, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488