OSC adopts new procedural rules for hearings

Posted on March 11, 2009

The Ontario Securities Commission (OSC) recently announced that it has approved the new Rules of Procedure of the Ontario Securities Commission. The new Rules, which will apply to all proceedings heard before the OSC, will replace the current Rules of Practice effective April 1, 2009. The Rules set out the various steps involved in participating in a hearing before the OSC and provide "clearer guidance on key procedural issues." The OSC states that the objective of the new Rules is to ensure that adjudicative proceedings are "more transparent and accessible".

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