OSC Amends Director Designation

Pursuant to the Securities Act (Ontario), the Ontario Securities Commission is permitted to assign certain of its powers and duties under the Act to a “Director” which includes, among others, the Executive Director of the OSC and persons employed by the OSC in a designated position. Effective April 18, 2017, the Executive Director of the OSC has amended and restated its March 2010 Designation and Determination (of Positions for the Purpose of the Definition of Director) to reflect the following changes: (i) the change in name of a branch of the OSC; (ii) the elimination of a position in the Compliance and Registrant Regulation Branch; and (iii) the change in responsibilities of staff of the Corporate Finance Branch for purposes of granting exemptions from fees for the late filing of insider reports on Form 55-102F2 under OSC Rule 13-502 Fees. For further information, please see the new Executive Director’s Designation and Determination, dated April 18, 2017.