The OSC’s 2014 Risk Assessment Questionnaire Exposes Registrants to Risk of Self-Incrimination

For the first time in three years, the Ontario Securities Commission (OSC) has sent Ontario registrants a risk assessment questionnaire that must be completed by portfolio managers, investment fund managers, exempt market dealers, restricted portfolio managers and restricted dealers registered in Ontario. The OSC intends to use the data gathered through the questionnaire to inform its decisions about “which firms require further attention and oversight”.

In some cases, the questionnaire may put recipient registrants at risk of admitting working capital deficiencies, inappropriate marketing practices and other potential violations. As a result, it is important that answers be considered carefully. The questionnaire is due by July 21.

For assistance completing the questionnaire, do not hesitate to contact a member of our Securities Regulation and Investment Products Group.

2014 risk assessment questionnaire Exempt market dealers investment fund managers OSC Portfolio Managers registrants restricted dealers restricted portfolio managers

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