The Ontario Securities Commission's latest report offers insights and guidance on compliance for registrants
The Ontario Securities Commission (OSC) has published its annual Summary Report for Dealers, Advisers, and Investment Fund Managers.
The report provides guidance for registrants on complying with Ontario securities law requirements.
The OSC's Registration, Inspections, and Examinations Division, formerly known as the Compliance and Registrant Regulation Branch, prepared this year's report.
This division oversees the registration and ongoing supervision of firms and individuals trading in or advising on securities or commodity futures and managing investment funds in Ontario.
The report covers significant registration matters, compliance review outcomes, and the division's focus areas for the upcoming fiscal year.
Key highlights from the past year include compliance reviews centred on the implementation of Client Focused Reforms and the registration of crypto asset trading platforms as restricted dealers.
Additionally, the report offers further guidance on compliance topics, such as 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 continues to be a priority, offering tools and programs to assist registrants with their compliance obligations.
