The Ontario Securities Commission says that it has received strong support for its plan to establish an Investor Secretariat to improve investor involvement with policymaking.

The OSC reported the fact in a notice indicating that it has finalized its statement of priorities. The commission published its draft statement on May 1, and is required to deliver a final version by June 30. It notes that it received five responses to the draft, which were “generally supportive of the direction and goals we have set.”

Specifically, it says that, “There was strong support for the Investor Secretariat initiative as an effective step toward more open and inclusive consultation.”

It also notes that, “There continues to be strong support for our focus on enforcement including efforts to pursue co-operation across jurisdictions.” And, it says that there were also expressions of support for its focus on retail investor issues, such as scholarship plans and point-of-sale disclosure.

There was also general support for “the goal to further harmonize, streamline and modernize securities laws as a way to ease the regulatory burden on market participants.”

The were no changes from the draft to the final version of the statement.

IE