The OSC today published a revised Statement of Priorities for the financial year to end March 31, 2012, thereby updating the version released earlier this year. The revisions to the Statement of Priorities include a number of initiatives to address points raised in public comments received by the OSC. The initiatives include:

  1. working with the Ontario Government to explore a mechanism by which the OSC could award compensation to Ontario investors suffering losses due to Securities Act violations;
  2. researching the pros and cons of imposing a fiduciary duty on financial advisors; working the with CSA, IIROC and MFDA to harmonize standards for cost disclosure and performance reporting to investors;
  3. continuing the implementation of the mutual fund point of sale initiative and expanding it to other types of investment fund products; and
  4. demonstrating the importance to the regulatory process of obtaining verifiable data.