Ontario Securities Commission
From Wikipedia, the free encyclopedia
 | |
| Agency overview | |
|---|---|
| Formed | 1932 |
| Type | Crown agency |
| Jurisdiction | Government of Ontario |
| Headquarters | Suite 1903, 20 Queen Street West, Toronto, Ontario, Canada[1] |
| Employees | 500 |
| Agency executive |
|
| Website | osc.gov.on.ca |
The Ontario Securities Commission (OSC; French: Commission des valeurs mobilières de l’Ontario) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency which reports to the Ontario legislature through the Minister of Finance.
Canada does not have a national securities regulator, and each province and territory regulates its own capital markets; OSC regulates the capital markets in Ontario.[3] Other notable provincial regulators include the Alberta Securities Commission, the Autorité des marchés financiers (Québec), and the British Columbia Securities Commission.
The OSC's mandate is to:
- Protect investors from unfair, improper and fraudulent practices
- Foster fair and efficient capital markets
- Maintain public and investor confidence in the integrity of those markets
- Contribute to the stability of the financial system and the reduction of systemic risk
The OSC administers the Ontario Securities Act and the Commodity Futures Act and with about 500 employees,[4] is the largest securities regulator in Canada and has the Toronto Stock Exchange within its jurisdiction.
Chairman
From inception, the OSC was run by a chairman who was the de facto chief executive of the commission. Following the proclamation of the Securities Commission Act, 2021 on 29 April 2022, a separate chief executive officer was created and the chairman became a non-executive office.
- George Alexander Drew, 1 May 1931 – 1 October 1934
- John Milton Godfrey, October 1934 – 25 January 1938
- Roy Beverly Whitehead, February 1938 – June 1944
- William Arthur Brant, June 1944 – 30 October 1944 †
- Charles Patrick McTague, 18 October 1945 – June 1948
- Oswald Elmer Lennox, June 1948 – 31 December 1962 †
- John Robert Kimber, 8 June 1963 – 28 February 1967
- Henry Eden Langford, 1 March 1967 – 31 July 1969
- Edward Allen Royce, 1 August 1969 – 31 August 1974
- Arthur Sydney Pattillo, 1 September 1974 – 31 October 1977
Harry Slocomb Bray (acting), 1 November 1977 – 2 January 1978 - James Cameron Baillie, 3 January 1978 – 30 June 1980
- Henry Joseph Knowles, 1 July 1980 – 31 December 1983
- Peter James Dey, 4 January 1983 – 30 April 1984
- Stanley Martin David Beck, 1 May 1984 – 31 August 1989
- Robert James Wright, 1 September 1989 – 1 September 1993
Joan Christine Smart (acting), 1 September 1993 – 31 October 1993 - Edward James Waitzer, 1 November 1993 – 31 October 1996
John Arthur Geller (acting), 1 November 1996 – 15 April 1998 - David Arthur Brown, 15 April 1998 – 30 June 2005
Susan Wolburgh Jenah (acting), 1 July 2005 – 31 October 2005 - William David Wilson, 1 November 2005 – 31 October 2010
- Howard Isadore Wetston, 1 November 2010 – 14 November 2015
Monica Kowal (acting), 14 November 2015 – 10 February 2016 - Maureen Jensen, 10 February 2016 – 15 April 2020
David Grant Vingoe (acting), 15 April 2020 – 29 April 2022 - Heather Louise Zordel, 29 April 2022 – 21 October 2022
- Kevan Blair Cowan, 15 December 2022 – present
Chief Executive Officer
Upon the proclamation of the Securities Commission Act, 2021 on 29 April 2022, the duties of chairman and chief executive were separated and a new office of the chief executive officer was created. The CEO is also a director of the commission.
- David Grant Vingoe, 29 April 2022 – present
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