OSC Seeks Input on Statement of Priorities for 2013 - 2014

TORONTO, April 4, 2013 /CNW/ - The Ontario Securities Commission (OSC) today published a draft 2013-2014 Statement of Priorities, which sets out the OSC's strategic goals and specific initiatives in support of each goal for the next fiscal year.

The OSC is responsive to, and is seeking input from, its stakeholders on five key organizational goals including investor protection, enforcement, responsive regulation, promoting financial stability and operating as an efficient, accountable organization.  This feedback will be considered by the Commission in finalizing the Statement of Priorities for the fiscal year commencing April 1, 2013.

The OSC must use its finite resources efficiently and is accountable for delivering regulatory services economically and effectively. As such, the Statement of Priorities is an important accountability document and an opportunity to seek input from stakeholders on the actions that the OSC will take in 2013-2104.

"We are focused on delivering on our key priority areas and on being fully transparent on where we intend to focus this year," said Maureen Jensen, the OSC's Executive Director and Chief Administrative Officer. "We encourage input from our stakeholders on these areas of focus and commit to reporting back at the end of the year on our progress on each of these important initiatives."

The OSC operates in a challenging and complex regulatory environment and is responding with more evidence-based regulation through strengthened research and analysis, and greater use of data and information.  The OSC will continue to work to deliver a system that protects investors through proactive investor engagement and effective compliance, supervision and enforcement.

The comment period on the draft 2013-2014 Statement of Priorities runs until June 3, 2013 and the document is available on the OSC's website: www.osc.gov.on.ca.

SOURCE: Ontario Securities Commission