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ARTICLE · 22 MAY 2025

Responding To An OSC Compliance Report: Mitigating Risk And Protecting Your Registration

Crawley MacKewn Brush LLP
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When the Ontario Securities Commission (OSC) conducts a compliance review, registrants must demonstrate adherence to Ontario securities law and maintenance of effective internal controls.

CanadaCorporate/Commercial Law
Crawley MacKewn Brush LLP
Crawley MacKewn Brush LLP
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When the Ontario Securities Commission (OSC) conducts a compliance review, registrants must demonstrate adherence to Ontario securities law and maintenance of effective internal controls. At the conclusion of the review, the OSC will issue a compliance report, outlining any deficiencies and identifying areas requiring corrective action.

Understanding the OSC Compliance Report and Its Implications

An OSC compliance report serves as the regulator's formal assessment of whether a firm is meeting its obligations under National Instrument 31-103 – Registration Requirements, Exemptions, and Ongoing Registrant Obligations. These reports typically identify one or more of the following:

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