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ARTICLE · 27 JULY 2017

OSC Issues Annual Summary Report For Dealers, Advisers And Investment Fund Managers

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On July 11, 2017, the OSC issued its Annual Summary Report for Dealers, Advisers and Investment Fund Managers (OSC Staff Notice 33-748).

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On July 11, 2017, the OSC issued its Annual Summary Report for Dealers, Advisers and Investment Fund Managers (OSC Staff Notice 33-748).

The Staff Notice addresses current trends in registration and in deficiencies identified through compliance reviews; types of regulatory action taken by the OSC when it finds serious non-compliance and misconduct; and new and proposed rules and policy initiatives:

  • Section 2 - The OSC addresses the review of insurance requirements and confirms its jurisdiction for the registration of MFDA firms and individuals. Current trends in deficiencies relating to the registration of firms and individuals include incomplete registration filings and changes to firm registration filings; a lack of disclosure in the reactivation of registrant applications; use of misleading titles; and late or incorrect updates for notices of termination filings.

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