The Ontario Securities Commission (OSC) says its mediation program, which began as a pilot in 2015, will continue on a permanent basis. It’s the first and only program of its type offered by a securities regulator in Canada.

The mediation program, designed for respondents who are represented by counsel and enforcement staff involved in OSC enforcement proceedings, provides these respondents with an option to seek a resolution through an independent third-party mediator.

The program aims to resolve outstanding enforcement matters efficiently and cost-effectively. It allows a mediator, selected from a published roster, to:

  • help facilitate the negotiation of settlement terms;
  • determine an agreed statement of facts; and
  • resolve other enforcement issues.

The program is generally available to any respondent, and the OSC encourages its use at the earliest opportunity.

The OSC is currently inviting applications for five individuals to serve as mediators, for which the deadline is April 30, 2018. More information can be found on the OSC website.

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