OSC publishes annual statement of priorities
On May 1, 2009, the Ontario Securities Commission (OSC) published a statement setting out its proposed priorities for the fiscal year ending March 31, 2010. The OSC's strategic goals consist of identifying important issues and dealing with them in a timely fashion, delivering fair, vigorous and timely enforcement and compliance programs, championing investor protection and supporting a more flexible, efficient and accountable organization. Specific initiatives for the upcoming fiscal year, meanwhile, include drafting National Instrument 31-103 Registration Requirements, managing the transition to IFRS, focusing compliance efforts on new and high-risk market participants and expanding capabilities and sensitivities to investor issues.
