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ARTICLE · 06 SEPTEMBER 2024

Let's Inspect The OSC's 2024 Registration, Inspections And Examinations Division Summary Report

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OSC Staff Notice 33-756 Registration, Inspections and Examinations Division Summary Report for Dealers, Advisers and Investment Fund Managers (Annual Report) marks the first from the newly renamed...

CanadaFinance and Banking
Jason Brooks
Jason Brooks
Melissa Ghislanzoni
Melissa Ghislanzoni
Donna Spagnolo
Donna Spagnolo
Iva Vranic
Iva Vranic
Matthew Williams
Matthew Williams
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OSC Staff Notice 33-756 Registration, Inspections and Examinations Division Summary Report for Dealers, Advisers and Investment Fund Managers (Annual Report) marks the first from the newly renamed Registration, Inspections and Examinations (RIE) division at the Ontario Securities Commission (OSC) (previously the Compliance and Examinations Branch).

2024-2025 Compliance priorities

RIE's compliance priorities for the year ahead include a continued focus on "Registration as the First Compliance Review" program, as well as reviews of high-risk firms, as determined by an analysis of the data RIE collected through the Risk Assessment Questionnaire (RAQ), the largest firms by AUM ("high-impact firms") and firms that are specialized dealers and derivatives dealers. This last point is of particular interest, given the Sept. 28, 2024, effective date of Multilateral Instrument 93-101Derivatives: Business Conduct, signaling a need for derivatives firms to be ready to hit the

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