Ontario Securities Commission (OSC)

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Definition of 'Ontario Securities Commission (OSC)'

The Ontario Securities Commission (OSC) is the provincial regulator of securities in Ontario, Canada. The OSC is responsible for regulating the securities industry in Ontario, including the trading of securities, the issuance of securities, and the activities of investment dealers. The OSC also has a mandate to protect investors and to promote fair and efficient capital markets.

The OSC was established in 1971 and is headquartered in Toronto. The OSC has a staff of over 1,000 employees and a budget of over $200 million. The OSC is governed by a board of directors, which is appointed by the Lieutenant Governor of Ontario.

The OSC has a number of powers to regulate the securities industry in Ontario. These powers include the power to:

* Register and regulate investment dealers
* License and regulate securities advisors
* Set rules and regulations for the trading of securities
* Investigate and prosecute violations of securities laws
* Impose sanctions on individuals and firms that violate securities laws

The OSC also has a number of educational programs to help investors understand the securities industry and to protect themselves from fraud.

The OSC is an important regulator of the securities industry in Ontario. The OSC's work helps to protect investors and to promote fair and efficient capital markets.

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