TORONTO, Feb. 29, 2012 /CNW/ - The Ontario Securities Commission (OSC) today released a Strategic Plan that details how the securities regulator can stay ahead of the evolving, complex and dynamic environment of today's global capital markets.
"The OSC Strategic Plan is our road map for working in the best interests of the investors and market participants of Ontario and for making the regulatory system more efficient," said Howard Wetston, Q.C., Chair and CEO of the OSC. "The OSC will take a more strategic approach to fulfilling its mandate while supporting a high-quality, innovative and growing financial services industry in Ontario."
The OSC Strategic Plan includes six key initiatives, including the establishment of an Office of the Investor as part of a wider strategy to engage investors more effectively. As part of the OSC's increased commitment to research and risk management in support of policy initiatives, it will create a dedicated Research and Analysis Group and an Emerging Risk Committee, which will improve risk identification and management.
The OSC Strategic Plan will influence programs throughout the organization and contribute to strengthening the OSC's operations, including compliance and enforcement.
The OSC administers and enforces securities legislation in the province of Ontario. The OSC's statutory mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets.
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