Skip to main content

OSC Glossary

Terms

Acronym Category Description
S-B  Markets  

S-B is a registration statement for securities of foreign governments and subdivisions, thereof, under the Securities Act of 1993. i.e. Filed by a Canadian company operating in the U.S.

(Source: SEC Forms and Exhibits Reference Guide)

S&P  Markets

Standard & Poor’s has a ratings service providing financial market intelligence. Offers credit ratings, indices, investment research and risk evaluations/solutions. They offer investable and benchmark indices. They also offer the information product Capital IQ that provides data, research, and analytics.

(Source: S&P website)

 S&P 500  Markets

S&P 500 stock market index based on the market capitalizations of 500 leading companies publicly traded in the U.S. stock market, as determined by Standard & Poor's. It differs from
other U.S. stock market indices such as the Dow Jones Industrial Average and the Nasdaq due to its diverse constituency and weighting methodology.

Salmon Jacket  OSC

Salmon Jacket is a Takeover Bids Complaint/Inquiry. The purpose is to collect working materials that represent the starting point of a complaint, inquiry, takeover bid notification, and follow up documentation.

SARF  OSC

Staff Action Request Form is an OSC form completed when there is a job vacancy. It includes budget, salary, and location information for the position. SARFs must be authorized and signed, when necessary, and then sent to HR.

(Source: OSC website, If you’re hiring a manager page)

SC 13E3  Markets

SC 13E3 is a document filed by a company when purchasing all of its own stock. It is considered a “going private” transaction.

(Source: SEC Forms and Exhibits Reference Guide)

SEC  Markets

Securities and Exchange Commission is the United States federal regulator of   securities.

(Source: SEC, website)

Security  Markets

A security is a financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with governmental body or a corporation (bond), or rights to ownership as represented by an option. A security is a fungible, negotiable financial instrument that represents some type of financial value. The company or entity that issues the security is known as the issuer.

(Source: Investopedia)

 SEDAR  Markets

System for Electronic Document Analysis and Retrieval is the national system for the electronic filing of disclosure documents and prospectuses.

(Source: SEDAR website, and NI 13-101)

 SEDI  Markets

System for Electronic Disclosure by Insiders is a web-based system for   submission/searching of insider trading reports. 

(Source: SEDI website, and NI 55-102)

 SF approach  Markets 

Supervisory formula approach is a conditional approach allowed by Basle II in respect of calculating a bank's capital requirement due to a securitization exposure.

(Source: Morgan Stanley Intuition website)

Services NL   Regulatory

Services Newfoundland Labrador has a securities branch that serves as the province’s OSC equivalent, aka the Newfoundland Securities Commission. 

(Source: Government of Newfoundland website)

SFC  Regulatory

Securities and Futures Commission (Hong Kong) derives a broad range of   investigative, remedial and disciplinary powers from the Securities and  Futures Ordinance (SFO) and a subsidiary legislation. The SFC works to ensure orderly securities and futures market operations.

(Source: SFC, website)

Shareholder democracy   OSC

A shareholder democracy is the ability of shareholders to influence a board of directors   through the exercise of voting rights associated with share ownership. The OSC seeks to increase shareholder engagement by strengthening their rights.

(Source: OSC, website)

Short selling  Markets

Short selling is selling a security that the seller does not own, or any sale that is   completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. So, short sellers make money if the stock goes down in price.

(Source: Investopedia)

SIMEX  Markets

Singapore International Monetary Exchange connects investors in search of Asian growth to corporate issuers in search of global capital. Access point for managing Asian capital and investment exposure.

(Source: SGX, website)

SMT  OSC

Senior Management Team at the OSC.

SME Committee  OSC 

Small and Medium Enterprises Committee – advises staff on matters related to small and medium enterprises and challenges they face in operating their businesses and raising capital – CF Branch.

(Source: OSC website)

SOX  

Sarbanes–Oxley Act of 2002 (Pub.L.   107–204, 116 Stat. 745, enacted July 30, 2002), also known as the 'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House. The bill was enacted as a reaction to a number of major corporate and accounting scandals  including those affecting Enron, Tyco International, Adelphia,   Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation's securities markets.  As a result of SOX, top management must now   individually certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe. Also, SOX increased the independence of the outside auditors who review the accuracy of corporate financial statements, and increased the oversight role of boards of directors

Canadian Response to SOX

Sarbanes-Oxley introduced sweeping changes to the corporate governance and disclosure obligations of publicly traded companies on U.S. markets. The need to   maintain compatibility and competitiveness with the United States has forced Canadian regulators to adopt similar provisions.  However, the Canadian response has been shaped by the unique conditions of the domestic market. Canadian regulators have also been able to benefit from the U.S. experiences since 2002, allowing regulators to avoid many of the pitfalls encountered by their U.S. counterparts. Ontario – Bill 198  (S.O. 2002, c. 22)

SPPA  Law

Statutory Powers Procedures Act. RSO 1990, c.S.22

SPV  Markets

Special purpose vehicle is the entity that purchases the assets from the originator in a securization. The SPV is typically a wholly-owned subsidiary of the originator and is a "bankruptcy-remote entity".

(Source: Morgan Stanley Intuition website)

SREP  Markets 

Supervisory review evaluation process.

(Source: Allen & Overy Briefing Papers Glossary)

SRO  Markets

Self-Regulatory Organisation or a Self-Regulating Organization is an organisation, such as the IDA, MFDA, recognized by securities regulators as having powers to establish and enforce standards and regulations to protect investors and ensure ethical practices in the market. 

(Source: Investopedia)

Standardized approach  Markets

A standardized approach, in the context of Credit Risk, is the simplest approach used by most small banks.

In the context of Operational Risk, it is one of the three methods of calculating operational risk.

(Source: Allen & Overy Briefing Papers Glossary)