OSC Publishes Paper on Responsive Market Regulation 

The Ontario Securities Commission (OSC) today released A Framework for Responsive Market Regulation, a paper presented at Oxford University that addresses how Canadian regulators are responding to changes in the market while protecting investors.

“As our capital markets evolve, we must have the courage to foster a responsive regulatory climate that allows innovation while ensuring essential investor protections,” said Maureen Jensen, Chair and CEO of the OSC.

Presented at St. John’s College, Oxford University on April 21 at the HFT, Dark Pools and Electronic Trading: Assessing Regulatory Approaches and Unintended Consequences conference, the paper sets out the OSC’s approach to regulatory policy that promotes implementing a vision, identifying issues and opportunities, fostering innovation, and re-examining past decisions and their outcomes. The paper applies this approach to the evolution of market structure and the regulatory framework applicable to multiple markets and trading in Canada.

The paper was co-authored by Timothy Baikie, Senior Legal Counsel; Tracey Stern, Manager, Market Regulation; and Chair Jensen of the OSC.

The paper is available on the OSC’s website.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

Source: OSC

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