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OSC Glossary

Terms

Acronym Category Description
OBA Law  

Ontario Bar Association is a branch of the Canadian Bar Association. The organization “provides support by the profession to the profession”.  Formerly CBA-O.

(Source: OBA, website)

OBCA Law

Ontario Business Corporations Act is the governing statute for provincially incorporated companies. 

(Source: Business Corporations Act, RSO 1990 c. B.16)

OECD Markets

Organisation of Economic Co-operation and Development OECD is an international   organisation helping governments tackle the economic, social and governance   challenges of the global economy.

(Source: OECD website)

ODIA OSC

Office of Domestic and International Affairs – Branch of OSC that acts as our intermediary with other Securities Commissions and government departments (domestic and international)

OI OSC

Office of the Investor was created to strengthen OSC’s investor engagement and coordinate all investor-related initiatives – including working with the IAP and the IEF.

(Source: OSC, website)

ORCR Markets

Operational risk capital requirement.  

(Source: Allen & Overy Briefing Papers Glossary)

OSA OSC

Ontario Securities Act has a purpose to provide protection to investors from unfair, improper or fraudulent practices; and to foster fair and efficient capital markets and confidence in capital markets. 1994, S.O. c. 33, s. 2 – Securities Act, RSO 1990 c. S-5.

(Source: E-laws)

OSA s. 122 OSC 

s. 122 of Act provides that certain conduct is an offence punishable by a fine or imprisonment. This is a quasi-criminal prosecution tried in the Ontario Court of Justice commonly called the Provincial Offences Court. Currently s. 122 offences are handled by the Joint Serious Offences Team (JSOT).

OSA

s. 127

OSC 

s. 127 - the Commission will determine if there has been a breach of the Ontario securities law or other conduct which offends the spirit of the law - is it in the "public interest" for the Commission to act. Sanctions may include financial penalties, bans on activities in the capital markets,CTOs, banning individuals, or removal of exemptions. These proceedings are  regulatory in nature, not criminal or civil, and are brought before the Commission for an administrative hearing based upon a statement of staff's allegations (published on our website).

OSA

s. 128 

 OSC

s. 128  provides a civil remedy to the Commission to protect investors from unfair, improper and fraudulent conduct and to enhance the integrity of Ontario's capital markets. The Commission may apply to the Superior Court of Justice for a declaration that a person or company is not complying with Ontario securities law.

OSA

s. 144

 OSC

s. 144  provides the discretion of the Commission to revoke or vary (change) a Commission decision. The Commission will only do this if there is new and compelling evidence or a significant and relevant change in the circumstances and is the Commission is satisfied that is would not be prejudicial to the public interest.

OSC OSC 

The Ontario Securities Commission is a self-funded agency of the Government of Ontario that is responsible for enforcing securities legislation and regulating capital   markets.

(Source: OSC, website)

OSCER OSC 

Ontario Securities Commission Electronic Records.

(Source: OSCER)

OSCB OSC 

Ontario Securities Commission Bulletin – Published from 1949 to present (weekly).  Available as PDFs  T:/OSCGEN/Library/OSCB

OSFI Regulatory 

Office of the Superintendent of Financial Institutions is the primary regulator of   federally chartered financial institutions and federally administered pension plans.

(Source: OSFI, website)

OTC  Markets 

Over-the-Counter is trading securities not listed on a marketplace. Business is largely   transacted over the phone. 

(Source: Investopedia)

OTC Derivatives Markets

Over-the-Counter Derivatives is a security traded in another context than a formal exchange. For example, a stock that is traded through a dealer network rather than a centralized exchange. This term can also refer to debt securities or financial   instruments that are traded through a dealer network.

(Source: Investopedia)