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ARTICLE · 26 JULY 2016

The Long-Awaited OSC Whistleblower Program Is Now In Force

Osler, Hoskin & Harcourt LLP
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On July 14, 2016, the Ontario Securities Commission (the "OSC") broke ground in Canada when it officially launched its widely anticipated Office of the Whistleblower and its Whistleblower Program.

CanadaCorporate/Commercial Law
Lawrence Ritchie
Lawrence Ritchie
Shawn Irving
Shawn Irving
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On July 14, 2016, the Ontario Securities Commission (the "OSC") broke ground in Canada when it officially launched its widely anticipated Office of the Whistleblower and its Whistleblower Program. As the first "bounty-for-tips" program in Canada, it will provide financial incentives to those who report corporate misconduct to the OSC. As such, the Whistleblower Program is attracting significant attention.

Kelly Gorman, the newly-appointed Chief of the OSC's Office of the Whistleblower and Deputy Director of the OCS's Enforcement Branch, said at a seminar hosted by Osler on July 20, 2016, that this program will be a "powerful tool in the Enforcement Branch". She emphasized that "whistleblower tips will be very valuable information for us because they have information about companies that may often times be hard for us to access".

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