FINRA taps former SEC director to serve as CEO. The Financial Industry Regulatory Authority announced that Robert W. Cook, former Director of the SEC’s Division of Trading and Markets, will succeed Richard G. Ketchum as CEO of FINRA during the second half of 2016. (6/13/2016) FINRA press release.
Canadian securities regulators publish list of unprotected marketplaces. The Canadian Securities Administrators (CSA) announced publication of CSA Staff Notice 23-316 Order Protection Rule: Implementation of the Market Share Threshold and Amendments to Companion Policy 23-101 Trading Rules, which lists marketplaces that will be considered unprotected for the purposes of the order protection rule in National Instrument 23-101 Trading Rules because they do not provide “automated trading functionality” as they have an intentional order processing delay, also known as a speed bump. (6/20/2016)
OSC announces Office of the Whistleblower launch date and appoints Chief.The Ontario Securities Commission (OSC) announced the appointment of Kelly Gorman as Chief of the Office of the Whistleblower, effective immediately. The Office of the Whistleblower will open to receive tips on July 14, 2016. (6/16/2016)
OSC announces new Executive Director and CAO. OSC Chair and CEO Maureen Jensen announced the appointment of Leslie Byberg as Executive Director and Chief Administrative Officer, effective immediately. (6/14/2016)
OSC publishes 2016-2017 Statement of Priorities. The OSC published its 2016-2017 Statement of Priorities, which sets out priority areas where the OSC intends to focus key resources and actions for the coming fiscal year, as well as the expected outcomes. The OSC also published its Report on the Statement of Priorities for Fiscal 2015-2016, which details the OSC’s performance against the priorities set out in its 2015-2016 Statement of Priorities and highlights key accomplishments. (6/9/2016) OSC press release.