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ARTICLE · 22 NOVEMBER 2023

Whistle While You Work – BCSC Now Offers Cash For Tips

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Under the British Columbia Securities Commission's (BCSC) new Whistleblower Program, individuals who report serious market misconduct may now receive significant monetary awards.

CanadaEmployment and HR
George Collister
George Collister
Graeme Martindale
Graeme Martindale
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Key takeaways

Under the British Columbia Securities Commission's (BCSC) new Whistleblower Program, individuals who report serious market misconduct may now receive significant monetary awards. In response, businesses should review and update their internal policies and procedures as necessary to prevent, detect, and address misconduct and ensure alignment with the BCSC's Whistleblower Program.

Background

On Nov. 7, 2023, the BCSC announced a new Whistleblower Program (Policy 15-604) that offers monetary rewards and protection for individuals who report serious misconduct in the investment market. The program aims to encourage whistleblowers to come forward with information that could lead to enforcement actions and deter fraudsters and other violators of securities laws.

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