TORONTO, July 26,
2024 /CNW/ - The Ontario Securities Commission
(OSC) today published its annual Summary Report for Dealers,
Advisers and Investment Fund Managers, which provides information
to help registrants comply with requirements under Ontario securities law.
This year's report was prepared by the OSC's Registration,
Inspections and Examinations Division (formerly the Compliance and
Registrant Regulation Branch), which is responsible for the
registration and ongoing supervision of firms and individuals who
are in the business of trading in, or advising on, securities or
commodity futures and firms that manage investment funds in
Ontario.
The report discusses important matters impacting registration,
outcomes from compliance reviews, and areas of focus for the
Registration, Inspections, and Examinations Division for the coming
fiscal year.
Key highlights from the past year include compliance reviews
focused on the implementation of Client Focused Reforms and
crypto asset trading platforms registered as
restricted dealers. The report also provides additional guidance on
several compliance topics, including what constitutes registerable
activity and accounting for related party receivables in excess
working capital calculations.
"This coming year, guided by insights from our Risk Assessment
Questionnaire, we plan to prioritize reviews of firms identified as
high-risk as well as large firms with significant assets under
management and specialized dealers," said Sonny Randhawa, Executive Vice President,
Regulatory Operations.
The OSC's Registrant Outreach program remains a priority,
providing tools and programs to help registrants with their
compliance obligations. Visit the Registrant
Outreach webpage to access the Topical Guide for Registrants,
a listing of Director's decisions, or to obtain information about
upcoming educational webinars.
The mandate of the OSC is to provide protection to investors
from unfair, improper or fraudulent practices, to foster fair,
efficient and competitive capital markets and confidence in the
capital markets, to foster capital formation, and to contribute to
the stability of the financial system and the reduction of systemic
risk. Investors are urged to check the registration of any persons
or companies offering an investment opportunity and to review the
OSC investor materials available at https://www.osc.ca.
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SOURCE Ontario Securities Commission