The CSA, IIROC and the MFDA have formed a joint Regulators Committee (JRC) in respect of the OBSI. The JRC released its first annual report which included an overview of the JRC’s activities. According to the report, the JRC monitors compensation refusals and considers patterns or issues raised by them. It is also in the process of establishing a protocol to define potential “systemic cases” and to set out a regulatory approach to address these cases when reported by the OBSI. For the CSA Staff Notice, please click here.