The Ontario Securities Commission (OSC) launched a consultation on a draft action plan for reconciliation with Indigenous communities that envisions steps such as seeking Indigenous representation for its policy advisory committees, and developing tailored investor education resources.
The regulator published a proposed action plan, which sets out its vision for capital markets that are more inclusive and accessible to everyone, along with its own plan for a more inclusive workplace.
The plan, which is out for comment until Oct. 31, “will serve as a roadmap for how the OSC can build a culturally aware, safe and more inclusive workforce, while working collaboratively with Indigenous peoples and partners and communities to foster a culture of inclusion and investor confidence for the benefit of all,” the regulator said in a release accompanying the draft plan.
Among other things, the plan proposes recruiting Indigenous participation on the OSC’s existing advisory committees, such as the Investor Advisory Panel, to provide added perspectives to its policy development; developing investor education content that’s tailored to Indigenous audiences; and to engage in dialogue on access to, and participation in, capital markets for Indigenous investors, businesses and communities.
“The OSC is committed to pursuing truth and reconciliation and in supporting equitable access to the capital markets by, with and for Indigenous Peoples in Ontario,” said Grant Vingoe, CEO of the OSC, in a release.
“We look forward to engaging with and receiving feedback that we will consider when we publish our inaugural Action Plan for Truth and Reconciliation,” he added.
That plan is expected to be published in the fall.
In addition to seeking formal feedback on the consultation paper, the OSC said that it will also be hosting roundtable discussions on the project.