This is the time of year when the Ontario Securities Commission (OSC) usually publishes a substantive consultation paper requesting feedback on its proposed statement of priorities (SOP) for the coming fiscal year. On April 30, the OSC announced that, in light of the COVID-19 outbreak and related financial market uncertainty, it has decided not to consult on a detailed SOP right now. Instead, it is using its 2019-20 SOP, its 2019 Report on Reducing Regulatory Burden in Ontario’s Capital Markets, and its ongoing engagement with stakeholders to inform its 2020-21 business plan.

People are invited, however, to provide comments by June 1 on the OSC’s current priorities. The OSC expects to publish a progress report relating to those priorities in June 2020. It also plans to conduct a substantive consultation on business priorities in the fall of 2020 to inform its 2021-22 business plan.

April 30, 2020