OSC Guidance on assessment and investigation cooperation

The Ontario Securities Commission (OSC) has recently released a Staff Notice, OSC Staff Notice 15-707 Enforcement Branch Enforcement Investigation Guidance, which provides guidance on how individuals and companies involved in OSC assessments and investigations should conduct themselves. In the Staff Notice, the OSC provides clarity on their assessment and investigation procedure. Additionally, the OSC provides recommendations on how individuals and companies can navigate specific situations commonly encountered in assessments and investigations.

We provide a summary of the OSC’s procedure and highlight the key takeaways from the OSC’s Staff Notice guidance document here.