OSC to Study Recommendations of Legislative Standing Committee

TORONTO, March 29 /CNW/ - Following the release of the review of the Ontario Securities Commission (OSC) by the provincial Standing Committee on Government Agencies, OSC Chair David Wilson said:

"We intend to carefully study the recommendations of the Standing Committee. The Committee's review of the OSC is important with respect to the Commission's accountability to the Minister and to the Legislature. The OSC has already taken action on one of the recommendations in the report with the recent announcement of a new Investor Advisory Panel.

"The Investor Advisory Panel will provide the Commission with a broad range of investor perspectives on the OSC's proposed rules, policies and annual Statement of Priorities. We certainly recognize the importance of engaging investors in the regulatory process and I am confident that the Panel will be an effective voice for investors and a great asset to the Commission and its work."

For further information: For Media Inquiries: Wendy Dey, Director, Communications & Public Affairs, [phone]; Theresa Ebden, Senior Communications Specialist, [phone]; Robert Merrick, Senior Communications Specialist, [phone]; For Investor Inquiries: OSC Contact Centre, [phone], 1-877-785-1555 (Toll Free)