The Ontario Securities Commission yesterday released for comment its draft statement of priorities for the financial year ending March 31, 2015.

The draft statement specifically identifies five regulatory goals for the following year, namely: (i) delivering strong investor protection, including by evaluating options in regards to the best interest duty and continuing the point of sale initiative for mutual funds; (ii) delivering responsive regulation, including by publishing proposals to update the order protection rule and continuing work on proposals to enact new capital raising prospectus exemptions; (iii) delivering effective enforcement and compliance oversight and efforts; (iv) supporting and promoting financial stability, including by working with CSA colleagues to create a harmonized and efficient OTC derivatives regime in Canada and continuing work on a cooperative securities regulator; and (v) running a modern, accountable and efficient organization, including identifying ways to reduce the regulatory burden and using electronic solutions when appropriate.

The OSC is accepting comments on its draft statement of priorities until June 1, 2014. For more information, see OSC Notice 11-769.