NEW GOVERNANCE STRUCTURE TAKES EFFECT AT OSC
On April 29, 2022, the OSC provided an update on structural and governance changes resulting from the proclamation of the Securities Commission Act, 2021 introduced by the Government of Ontario in March 2021. These changes include splitting the Chair and Chief Executive Officer role into two distinct positions, and the separation of the regulatory and adjudicative functions at the OSC, with an aim to enhance the governance and accountability of the OSC.