The Ontario Securities Commission has published its 2025 annual report for the Registration, Inspections and Examinations Division, setting out key developments affecting registration, results from compliance reviews, and ongoing supervisory initiatives. While focused on OSC-registered firms and individuals, the report flags that firms overseen by the Canadian Investment Regulatory Organization and other market participants may also find the guidance relevant. Highlighted work included a survey of the sales environment at certain bank-owned mutual fund dealers conducted with the OSC’s Behavioral Insights team, a second phase of Client Focused Reforms sweeps targeting know-your-client (KYC), know-your-product (KYP) and suitability determinations, and a review of digital engagement practices among online dealers, advisers and crypto asset trading platforms. The division also reported reaching several significant settlement agreements through its Registrant Conduct Team, alongside ongoing registration and supervision of securities and commodity futures market participants and investment fund managers in Ontario. The annual report follows the RIE Division’s examination priorities that were announced earlier in the fiscal year.
Ontario Securities Commission 2025-07-24
Ontario Securities Commission publishes 2025 RIE annual report outlining compliance review outcomes and supervisory sweeps
The Ontario Securities Commission's 2025 annual report for the Registration, Inspections and Examinations Division details key developments in registration, compliance reviews, and supervisory initiatives. It highlights a survey of the sales environment at bank-owned mutual fund dealers, a second phase of Client Focused Reforms sweeps, and a review of digital engagement practices. The report also notes significant settlement agreements and ongoing supervision of market participants in Ontario.