OSC’s summary report for dealers, advisers and investment fund managers is out

The Ontario Securities Commission (OSC) has published OSC Staff Notice 33-747 Annual Summary Report for Dealers, Advisers and Investment Fund Managers. The report describes initiatives undertaken by the OSC’s Compliance and Registrant Regulation Branch in the 2015-2016 fiscal year, including registration and compliance activities, policy initiatives and new programs.

Debra Foubert, OSC

Debra Foubert, OSC

Debra Foubert, Director of Compliance and Registrant Regulation at the OSC, said:

In recognition of increased interest in crowdfunding portals and peer-to-peer lending platforms, this year’s report specifically addresses the OSC’s expectations in these areas. We encourage firms seeking to operate online portals and trading platforms to review the registration considerations outlined in our report.”

The report summarizes current issues and trends the OSC has identified in registration and compliance reviews, new and proposed rules and policy initiatives impacting registrants and the OSC’s registrant outreach efforts.

The OSC’s Registrant Outreach program continues to give registrants the opportunity to hear first-hand from the OSC about compliance-related matters. Registrants are encouraged to visit the Registrant Outreach page on the OSC website for resources and details about upcoming outreach seminars.

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.

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