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ARTICLE · 13 NOVEMBER 2023

B.C. Securities Commission Offers Whistleblowers Cash For Tips

Blake, Cassels & Graydon LLP
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The British Columbia Securities Commission (BCSC) launched a Whistleblower Program (BC Policy 15-604) on November 7, 2023. The program offers financial awards, ranging from C$1,000 to C$250,000...

CanadaEmployment and HR
Sean Boyle
Sean Boyle
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Jenna Green
João Victor Lima
João Victor Lima
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The British Columbia Securities Commission (BCSC) launched a Whistleblower Program (BC Policy 15-604) on November 7, 2023. The program offers financial awards, ranging from C$1,000 to C$250,000, for information that leads to a successful enforcement result.

Successful enforcement results include halt trades, preservation orders, notices of administrative monetary penalties, notices of hearing, settlement agreements, sanctions imposed after hearings, collections, or the identification and location of assets of those indebted to the BCSC. If information leads to multiple successful enforcement results, the award will be capped at C$500,000. If there are multiple whistleblowers, the maximums will apply to the total payout. The executive director has discretion to increase any award beyond the maximums, if doing so is in the public interest.

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