The Ontario Securities Commission (OSC) today released its 2009 Compliance Team Annual Report, which summarizes the team's activities for fiscal 2009. The report outlines: (i) the compliance team's role; (ii) the team's response to recent market turmoil; (iii) general compliance initiatives; (iv) deficiencies found in the team's review of portfolio managers and limited market dealers; (v) the outcome of the team's reviews; (vi) the recent registration reform project; and (vii) how the move to IFRS may affect market participants.