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ARTICLE · 11 OCTOBER 2019

Enforcement Highlights From The 2019 OSC Annual Report

Blake, Cassels & Graydon LLP
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The Ontario Securities Commission (OSC) recently released its 2019 OSC Annual Report (Report), which provides enforcement statistics from 2019 and discusses the OSC's priorities for 2020.

CanadaCorporate/Commercial Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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The Ontario Securities Commission (OSC) recently released its 2019 OSC Annual Report (Report), which provides enforcement statistics from 2019 and discusses the OSC's priorities for 2020.

KEY ENFORCEMENT TAKEAWAYS

The OSC has focused on discouraging "repeat offenders, fraudulent activity and other serious breaches of the Securities Act or violations of the Criminal Code" through its enforcement actions and sanctions and on "improv[ing] the efficiency and reduc[ing] the timelines of [its] enforcement efforts", among other things. In fiscal 2019, the OSC:

  • Assessed 565 cases, up from 429 in 2018
  • Concluded 25 matters with C$126.4-million in administrative penalties, disgorgement orders and settlement amounts, an increase from 20 matters and C$13.7-million in 2018

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