The Ontario Securities Commission is establishing a new Office of the Investor, as it seeks to do more to engage investors.
The OSC announced the new initiative Wednesday as part of a new strategic plan. The new branch dedicated to investors aims to integrate investor concerns more directly into the OSC’s policymaking and operations, and is part of a wider strategy to engage investors more effectively. It will also co-ordinate its existing investor initiatives, such as the Investor Advisory Panel and the Investor Education Fund.
Strategic plan: New OSC initiatives
The regulator’s new strategic plan also details its intention to create a dedicated Research and Analysis Group to boost the quantity of original, fundamental research underlying its policymaking efforts. It also announced the creation of a new policy coordination committee to improve its policy prioritization; and an emerging risk committee, which will improve risk identification and management.
“The OSC strategic plan is our road map for working in the best interests of the investors and market participants of Ontario and for making the regulatory system more efficient,” said Howard Wetston, chair and CEO of the OSC. “The OSC will take a more strategic approach to fulfilling its mandate while supporting a high-quality, innovative and growing financial services industry in Ontario.”