On June 20, Ontario's Bill 55, the Strong Action for Ontario Act (Budget Measures), 2012 received Royal Assent. Of particular interest, the Bill amends the Securities Act to set out additional circumstances under which the OSC will be exempted from having to pay money it receives into Ontario's Consolidated Revenue Fund.

Specifically, the expanded exemption will capture funds that are designated under the terms of an order or settlement for use by the OSC for the purpose of educating investors or promoting knowledge regarding the operation of the securities and financial markets.

The Bill also increases the maximum number of members of the Ontario Securities Commission from 15 to 16.