TORONTO, Nov. 7, 2017 /CNW/ - The Ontario Securities Commission (OSC) recently adopted the OSC Rules of Procedure and Forms (Rules) and the Practice Guideline (Guideline).
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 in Commission proceedings. The Rules and the Guideline apply to all proceedings where the Commission is required to hold a hearing, or to afford the parties an opportunity for a hearing, before making a decision.
The former OSC Rules of Procedure (2014) and all previous practice guidelines are repealed and are replaced by the new Rules and the Guideline, which are effective immediately.
The Rules and the Guideline are available on the Commission's website, under the heading Rules of Procedure and Practice Guideline.
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
SOURCE Ontario Securities Commission
For further information: For Media Inquiries: firstname.lastname@example.org; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free)