The Ontario Securities Commission (OSC) today published an Annual Summary Report, which sets out expectations for firms and individuals directly regulated by the OSC (including exempt market dealers, portfolio managers, and investment fund managers).
Staff Notice 33-742 – 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers is designed to enhance the understanding by firms and individuals of their important obligations under Ontario securities law.
The report was prepared by the OSC’s Compliance and Registrant Regulation Branch, which registers and oversees approximately 1,300 firms and 66,000 individuals (together, registrants) that trade or advise in securities or commodity futures, or act as investment fund managers.
Read: October’s compliance roundup
The report covers:
- new and proposed rules impacting registrants;
- trends in deficiencies from compliance reviews of registrants;
- suggested practices to address compliance deficiencies;
- current trends in registration issues; and,
- recent registrant misconduct cases of interest.