Employees in Ontario can soon expect to be protected from
anti-retaliatory measures in connection with whistleblowing
activities. As part of the Ontario Budget Measures Bill
173,which received royal assent on April
19, 2016, the Ontario government has approved amendments to the
Securities Act (Ontario) (OSA) that are intended to
implement protection for reprisals against employees who provide
information about a possible contravention of Ontario securities
law, or a by-law or other regulatory instrument of a recognized
self-regulatory organization (SRO), or who are involved in an
investigation or proceeding related to the information
provided.
Prohibition on reprisals
More specifically, the new provisions prohibit persons or
companies from taking a reprisal against an employee who has sought
advice about providing information, expressed an intention to
provide information or provided information to the person or
company, the Ontario Securities Commission (OSC), a
