The Ontario Securities Commission (OSC) has released its proposed Statement of Priorities (SoP) for the 2025-2026 fiscal year and is inviting public and stakeholder feedback.
This document outlines key initiatives the OSC intends to implement in alignment with its 2024-2030 Strategic Plan, published in May 2024. According to board chair Kevin Cowan and CEO Grant Vingoe, the plan sets the OSC’s course for the next six years and builds on the work that has been done in recent years to modernize and strengthen the organization.
The SoP identifies areas where the OSC intends to allocate resources beyond its core regulatory duties. These priorities aim to address evolving challenges in the securities market, driven by rapid technological advancements, changing investor expectations, and broader macroeconomic conditions.
“The OSC continues to operate in a complex and dynamic regulatory environment, influenced by technological advancements, macro-economic conditions, and shifting investor expectations,” said Vingoe. “The proposed priorities build on our Strategic Plan and our focus to modernize regulation by responding quickly to market changes so that we are well-positioned for the future and to continue delivering our important mandate.”
The OSC's 2024-2030 Strategic Plan highlights six strategic goals that guide its work: investor protection, fostering confidence in capital markets, enabling capital formation, ensuring market efficiency and fairness, and contributing to financial stability while mitigating systemic risk. The proposed SoP for 2025-2026 is designed to advance these goals.
Stakeholders are encouraged to review the proposed SoP, available on the OSC website, and submit written comments by December 20. The OSC will incorporate feedback into the final SoP, which will be included in its business plan for 2025-2026, scheduled for publication in Spring 2025 and delivered to the Minister of Finance. According to the OSC, this process ensures transparency and accountability in its efforts to maintain fair and competitive capital markets, protect investors, and address emerging risks.