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ARTICLE · 10 APRIL 2014

OSC Publishes Annual Statement Of Priorities

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The OSC published for comment its annual Statement of Priorities, which sets out the actions the organization will take over the next year.

CanadaCorporate/Commercial Law

On April 3, 2014, the Ontario Securities Commission ("OSC") published for comment its annual Statement of Priorities, which sets out the actions the organization will take over the next year in respect of its administration of Ontario securities laws.

The OSC's Regulatory Goals for 2014-2015 are:

Deliver Strong Investor Protection. The OSC will (i) study the impacts of imposing a "best interest duty to investors" on investment dealers and advisors; (ii) look at how compensation models affect investment advisor behaviour and whether or not to place a cap on embedded fees; and (iii) introduce new disclosure requirements for mutual funds and ETFs.

Deliver Responsive Regulation. To ensure the OSC is delivering responsive regulation, it intends to (i) examine how technology has and will continue to affect the market and, in particular, the order protection rule; (ii) respond to stakeholders regarding greater access to the exempt market; (iii) examine ways to

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