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ARTICLE · 04 DECEMBER 2023

OSC Releases Draft Statement Of Priorities

Borden Ladner Gervais LLP
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The Ontario Securities Commission (OSC) has released its annual draft Statement of Priorities for 2024-2025 (SoP).

CanadaFinance and Banking
AUM Law
AUM Law
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The Ontario Securities Commission (OSC) has released its annual draft Statement of Priorities for 2024-2025 (SoP). There are no less than 16 key priorities set out in the SoP. The priorities we think may be of most relevance to our readers are described below.

  • Assess implementation of Client Focused Reforms and consider impact of limited product shelves. The draft SoP mentions that OSC staff is concerned about the impact proprietary product shelves could have on clients, including potentially higher fees and inferior performance, if other products are not easily available to investors. The Canadian Investment Regulatory Organization (CIRO) and the Canadian Securities Administrators (CSA) intend to consider this further. The current sweeps with respect to the Client Focused Reforms (CFRs) will continue, and regulators plan to consider the need for additional measures to ensure the CFRs are attaining desired outcomes.

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