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ARTICLE · 04 AUGUST 2025

Understanding The CSA's OBSI Reform Proposal

Osler, Hoskin & Harcourt LLP
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Canada's investment landscape is on the cusp of transformation in how disputes between investors and their dealers are resolved.

CanadaFinance and Banking
Lawrence Ritchie
Lawrence Ritchie
Tamara Kljakic
Tamara Kljakic
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Canada's investment landscape is on the cusp of transformation in how disputes between investors and their dealers are resolved. The Canadian Securities Administrators (CSA) has released a proposal for comment that would grant the Ombudsman for Banking Services and Investments (OBSI) the authority to make binding decisions in investment-related disputes.

The move reflects a series of initiatives by Canadian capital market regulators aimed at strengthening protections and restitution rights without forcing aggrieved investors to take costly and time-consuming action through the courts. (See Osler's recent summary of the Ontario Securities Commission's new framework to distribute funds from disgorgement orders to harmed investors.)

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