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ARTICLE · 17 MARCH 2016

OSC Calls For Comment On 2016-2017 Statement Of Priorities

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Below is a summary of some of the initiatives which we think will have the most significant impact on the marketplace.

CanadaCorporate/Commercial Law
Maureen Doherty
Maureen Doherty
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OSC Statement of Priorities

The Ontario Securities Commission (OSC) has released a draft of its 2016-2017 statement of priorities for comment. Similar to previous years, the OSC's focus remains on changing demographics including seniors and millennials and the way in which the different demographics interact in the marketplace. Below is a summary of some of the initiatives which we think will have the most significant impact on the marketplace.

Implementation of a Best Interest Standard

  • In 2016-2017, the OSC plans to conduct consultations with industry stakeholders on proposed regulatory reforms to National Instrument 31-103 to create a best interest standard
  • Following stakeholder consultations, it will make recommendations to the Commission and develop an implementation plan for the reforms

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