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Tuesday, January 14, 2025

CFR implementation and crypto enforcement amongst proposed priorities for OSC

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Investor training stays an essential pillar of the OSC’s concentrate on defending buyers and it’ll look to enhance entry to applications, proceed to implement and enhance the OSC Seniors Technique, and reply to investing tendencies equivalent to gamification and digitalization.

Complaints and cryptos

Complaints and disputes dealing with is one other precedence, and the regulator will proceed to work with different CSA members on issues such because the proposal to present binding authority on compensation selections to OBSI or one other physique.  

This may embrace contemplating stakeholder suggestions within the improvement of a last framework and proposed legislative amendments to supply an unbiased dispute decision service.

The regulator additionally proposes strengthening oversight and enforcement within the cryptocurrency sector in mild of current insolvencies within the trade which spotlight the excessive stage of danger in these investments. The OSC needs crypto buying and selling platforms to be introduced into compliance with securities legal guidelines and produce enforcement actions towards these that don’t keep on with the foundations.

“The proposed priorities construct on the OSC’s ongoing work to ship on our mandate to modernize regulation and reply shortly to market modifications,” mentioned Grant Vingoe, CEO of the OSC. “As we contemplate our work by way of the lens of evolving macroeconomic circumstances and investor attitudes, we’re taking a long-term view to make sure our capital markets proceed to ship compelling funding alternatives and powerful investor safety.”

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