FAIR Canada gains $2m annually under a six-year funding agreement with the OSC
FAIR Canada has secured a new funding agreement with the Ontario Securities Commission (OSC), ensuring $11m in financial support over the next six years.
This funding arrangement, derived from the OSC's Designated Fund, aims to bolster FAIR’s advocacy for Canadian investors and financial consmers, enabling the organization to access up to $2m annually.
Grant Vingoe, CEO of the OSC, emphasized the importance of FAIR Canada’s role, stating, “FAIR provides an important and independent voice for investors, advocating for their interests on securities policy issues.”
He highlighted the steady funding as critical for supporting FAIR’s ongoing efforts.
Jean-Paul Bureaud, FAIR Canada’s executive director, expressed appreciation for the OSC's confidence in the organization, noting that the funding would allow them to advance their strategic initiatives.
“The OSC's support is a vote of confidence that will help fuel our advocacy efforts for individual investors,” he said. He also stressed the need for a strong, independent advocate for Canadian investors amid evolving markets and complex regulations.
The Canadian Foundation for the Advancement of Investor Rights (FAIR Canada), established in 2008 during the global financial crisis, has been a key voice in promoting investor rights and public confidence.
The organization contributes through policy submissions to governments and regulators, identification of emerging issues, and public outreach. FAIR also engages in research to better understand the experiences and concerns of investors.
The OSC confirmed in a press release that the funding, drawn from its sanction and settlement funds, will be delivered in two installments. The first will be disbursed immediately, with the second scheduled for 2027.
This arrangement provides FAIR with resources to maintain its day-to-day operations while continuing to advocate for the protection of retail investors across Canada.
Looking ahead, Bureaud reaffirmed FAIR’s commitment to being a “balanced consumer voice at the table of decision-makers” and leveraging the new funding to execute its strategic vision effectively.
