The Ontario Securities Commission published its 2025 Annual Service Commitment Review, updating the service standards that set out the timelines investors, registrants and market participants can expect when interacting with the OSC. The changes take effect April 1, 2025 and include delegating certain registration responsibilities to the Canadian Investment Regulatory Organization (CIRO). From April 1, 2025, CIRO will take on the registration function for firms registered as investment dealers, mutual fund dealers and futures commission merchants, as well as the individuals who act on their behalf. Registration-specific service standards tied to OSC decisions will continue to follow extended timelines during the transition, while all other service standards remain unchanged. The OSC noted that it reviews its service commitment annually, benchmarks against peer regulators, and reports quarterly performance against the standards, including explanations where targets are not met.
Ontario Securities Commission 2025-03-31
Ontario Securities Commission updates service standards and delegates dealer registration to the Canadian Investment Regulatory Organization from April 1, 2025
The Ontario Securities Commission (OSC) released its 2025 Annual Service Commitment Review, detailing updated service standards effective April 1, 2025. The Canadian Investment Regulatory Organization (CIRO) will assume registration responsibilities for investment dealers, mutual fund dealers, and futures commission merchants. Registration-specific service standards linked to OSC decisions will have extended timelines during the transition, while other standards remain the same.