TORONTO, April 2, 2015 /CNW/ - The Ontario Securities Commission (OSC) today published for comment its 2015-2016 Draft Statement of Priorities (Draft Statement). The Draft Statement sets out priority areas where the OSC intends to focus key resources and actions for the coming fiscal year, as well as the expected outcomes.
"Our work has broad implications for the capital markets and investors in this province, and we continue to focus on the most critical regulatory issues," said Howard Wetston, Q.C., Chair and CEO of the OSC. "It is important that we prioritise our work, take the time to receive input from investors and industry, and fully consider all of the potential impacts of our key areas of focus."
The OSC remains strongly committed to delivering on its mandate to protect investors and is proposing various initiatives to enhance investor protection. Effective compliance, supervision and enforcement are the cornerstones of protecting investors and fostering confidence in capital markets and their importance continues to grow as market structures, processes and products evolve.
The majority of OSC resources are focused on delivering core regulatory work to maintain high standards of regulation in Ontario's capital markets. Initiatives often span more than one year due to their nature and complexity, as well as the need to adequately consult with stakeholders. In some instances, specific priorities for a given year are not always carried forward to the following year's Statement of Priorities, often because the remaining work is operational in nature.
Interested parties are invited to make written submissions by June 1, 2015. The Commission will consider this feedback and make any necessary revisions prior to publishing its final 2015-2016 Statement of Priorities. Shortly after the conclusion of the 2015-2016 fiscal year, the OSC will publish a report on its progress against its 2014-2015 priorities.
The Draft Statement is available on the OSC's website: www.osc.gov.on.ca.
SOURCE Ontario Securities Commission
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