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ARTICLE · 12 FEBRUARY 2020

OSC Enters Into Oversight Agreements With Various Foreign Regulators

Over the course of the last few months, the Ontario Securities Commission (OSC) has entered into a series of agreements with securities regulators in foreign jurisdictions intended to facilitate...

GlobalCorporate/Commercial Law

Over the course of the last few months, the Ontario Securities Commission (OSC) has entered into a series of agreements with securities regulators in foreign jurisdictions intended to facilitate cooperation and the exchange of information in regards to the oversight of regulated entities. These include:

1. An amended and restated supervisory Memorandum of Understanding with the United Kingdom's Financial Conduct Authority in contemplation of the UK leaving the European Union. The MoU, to which Quebec's Autorité des marches financiers, the Alberta Securities Commission and the British Columbia Securities Commission are also party, is intended to facilitate cooperation and consultation related to the supervision of cross-border alternative investment fund managers. The MoU was approved by Ontario's Minister of Finance in November 2019. Canadian securities authorities have previously entered into similar MoUs with other EU authorities.

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