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The Ontario Securities Commission on Wednesday issued its 2018 Risk Assessment Questionnaire, which is sent to portfolio managers, investment fund managers, exempt market dealers, restricted portfolio managers and restricted dealers registered in Ontario.

The survey helps determine which firms are targeted for compliance reviews by the OSC.

The regulator typically uses a risk-based approach to the firms that it oversees directly.

“The information we receive is used to apply a risk ranking to a firm. This allows us to allocate resources more effectively and efficiently by targeting firms with higher risk rankings,” the OSC says in a news release.

Registered firms are required to complete the survey by May 30.

To help firms complete the questionnaire, the OSC is hosting a webinar on May 1 and an in-person outreach session on May 3.

These sessions will highlight the major changes in the 2018 questionnaire. They will also address frequently asked questions, examine areas of the survey that “have been challenging for registrants in the past.”

The OSC last issued the questionnaire in 2016.