{"id":3238,"date":"2024-05-29T13:39:57","date_gmt":"2024-05-29T13:39:57","guid":{"rendered":"https:\/\/cfacanada.org\/?post_type=advocacy_newsletter&p=3238"},"modified":"2024-05-29T13:45:17","modified_gmt":"2024-05-29T13:45:17","slug":"may-2024-advocacy-newsletter","status":"publish","type":"advocacy_newsletter","link":"https:\/\/cfacanada.org\/fr\/advocacy_newsletter\/may-2024-advocacy-newsletter\/","title":{"rendered":"May 2024 Advocacy Newsletter"},"content":{"rendered":"\n
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May 2024 Advocacy Newsletter<\/h1>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n<\/div>\n\n\n\n

Download PDF:<\/h2>\n\n\n\n

May 2024 Advocacy Newsletter<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

Summary:<\/h2>\n\n\n\n

The Ontario Securities Commission (OSC) has unveiled a new strategic plan<\/a> to guide its work over the remainder of the decade. The plan highlights some of the key challenges facing regulators: public markets are in decline; many retail investors are going it alone in choosing investments, raising the potential for manipulation by digital platforms and finfluencers; financial innovation continues to raise opportunities and new risks throughout our markets.<\/p>\n\n\n\n

The high-level responses to these challenges outlined in the plan, however, leave much for elaboration. For instance, the OSC says little about how it will \u201cquickly deliver effective regulatory actions in anticipation of emerging trends\u201d or \u201cdynamically right-size regulation informed by changing needs.\u201d There are some more concrete priorities, however, like implementing \u201ca robust investor redress system\u201d (i.e., binding authority for OBSI), and paying more attention to do-it-yourself investing as well as financial \u201cadvice\u201d that looks more like \u201csales activities \u2026 driven by broker compensation.\u201d<\/p>\n\n\n\n

The OSC\u2019s plans for \u201ctougher and more visible\u201d enforcement are especially welcome in the wake of the collapse of the OSC\u2019s high-profile\u00a0Can<\/a>nTrust prosecutions<\/a>. Though the recent arrest of the \u201cCrypto King<\/a>\u201d provides some encouragement on this score, the regulator still needs to hire a\u00a0new permanent head of enforcement<\/a>, and to restore confidence that it can do more than just pursue obvious frauds perpetrated at the fringes of the financial system.<\/p>\n\n\n\n

CAC looks forward to seeing how the new strategic plan plays out in practice, and to participating in consultations on the initiatives it inspires.<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"class_list":["post-3238","advocacy_newsletter","type-advocacy_newsletter","status-publish","hentry"],"acf":[],"yoast_head":"\nMay 2024 Advocacy Newsletter - CFA Societies Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfacanada.org\/advocacy_newsletter\/may-2024-advocacy-newsletter\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May 2024 Advocacy Newsletter - CFA Societies Canada\" \/>\n<meta property=\"og:description\" content=\"Download PDF: May 2024 Advocacy Newsletter Summary: The Ontario Securities Commission (OSC) has unveiled a new strategic plan to guide its work over the remainder of the decade. 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