In a bid to enhance industry compliance, the Ontario Securities Commission (OSC) launched a new web-based tool Monday that compiles its guidance on a range of issues, including initiatives such as the latest Client Relationship Model reforms (CRM2).
The Topical Guide for Registrants aims to serve as a single window to about 50 different documents that detail registration and compliance related guidance issued by both the OSC and the Canadian Securities Administrators (CSA). Organized alphabetically, and searchable, it links to relevant regulatory guidance compiled by OSC staff on various initiatives such as CRM2.
“Registrants may wish to proactively use the staff guidance they access through this guide as a self-assessment tool to strengthen their compliance with Ontario securities laws, and as appropriate, to make changes to enhance their systems of compliance, internal controls and supervision,” the commission says.
The OSC says that the guide was developed in response to feedback from stakeholders, and it intends to periodically update it with both new and historical materials.
“The topical guide is part of the OSC’s ongoing Registrant Outreach efforts to enhance communication with registrants and provide tools to assist them with maintaining effective compliance systems,” said Debra Foubert, director, compliance and registrant regulation at the OSC.