OSC | Nov 30, 2022

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TORONTO — Today, Ontario’s Minister of Finance Peter Bethlenfalvy released the following statement on the appointment of a new Chair for the Ontario Securities Commission (OSC).  “I am pleased to announce that Kevan Cowan will be appointed the new Chair of the Ontario Securities Commission, pending review by the Standing Committee on Government Agencies.

• Mr. Cowan has been a valuable member of the Board of Directors for the OSC and was key in providing recommendations to our government on capital markets as a member of the Ontario Capital Markets Modernization Taskforce Expert Advisory Group.
  • With over 30 years of experience in the capital markets industry, Mr. Cowan will play a critical role in supporting our government’s vision to make the OSC a 21^st century capital markets regulator.

See:  Final Report: Ontario Capital Markets Modernization Committee Recommendations

• To move our vision forward, our government is implementing many of the recommendations made by the Capital Markets Modernization Taskforce.
  • We have expanded the mandate of the OSC to include capital formation and competition in capital markets.
  • We also separated the combined OSC Chair and Chief Executive Officer position into two distinct positions and established a new Capital Markets Tribunal within the OSC.
  • Our government is moving ahead with modernizing how public companies communicate with investors and the markets to reduce regulatory burden and support digitization of the economy.

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