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Statutory References to OSA

Section 127 grants the OSC broad discretionary power to sanction market participants if it is in the “opinion” of the OSC to do so.

Ontario Securities Act
Text of section 127(1)

Selected Cases

Abusive threshold – must be crossed before the OSC will sanction a market participant

  • Cablecasting Ltd., (Re) (1978) OSCB 37.
  • Canadian Tire (1987), 10 OSCB 857.
  • Standard Trustco (1992), 15 OSCB 4322.
  • Asbestos (2001), 2 SCR 132.
  • Biovail (2010), 33 OSCB 8914
  • Magna Intl (2011), 34 OSCB 1290

Copies of the OSCB cases can be found on the T-drive.

Commentary

Selected Texts in the Library Collection

Mary Condon, Making Disclosure: Ideas and interests in Ontario securities regulation, 1998. KF 1449 C656 1999

Joseph Groia, Securities litigation and enforcement, 2012. KF 8841 G76 2012

LSUC – Special Lectures, 1989: Securities law in the modern financial marketplace. KF 1439 A2 S43 1989

Harmonization of business law in Canada, 1986 – eDoc

Wise Person’s Committee Report: It’s time – Research Studies, 2003 – eDoc

Mary Condon. Use of Public Interest Enforcement Orders. 2003. - eDoc

Selected Articles

Copies of all of these articles can be found on the T-drive.

Anita Anand. Carving the Public Interest Jurisdiction in Securities Regulation: Contributions of Justice Iacobucci. 2007.

Anita Anand. Securities Regulation at an Impasse: Developing Effective Regulation in an Ineffective Regulatory Regime. 2005.

Anita Anand. Was Magna in the Public Interest? 2011.

Paul Davis.   The Exercise of the Public Interest Power by the OSC - A New Standard is Needed.  McMillan, 2014

Brian D. Grayton. The Canadian Tire Decision - Coattails and the Public Interest. 1987.

Christie L. Ford. Toward a New Model for Securities Law Enforcement. 2005.

David J. Mullan. Willis v. McRuer: A Long-Overdue Replay with the Possibility of a Penalty Shoot-Out. 2005.

Gordon T. Houseman. Advance Notice Provisions: Oppression and the Public Interest. 2013.

Jeffrey G. MacIntosh. Standard Trustco Case Signals Expansion of the "Public Interest" Powers of the Securities Regulators. 1993.

Jeffrey G. MacIntosh. The Excessive Use of Policy Statements by Canadian Securities Regulators. 1993.

Jeffrey S. Leon & Carlo Di Carlo. A Fine Balance Being Tipped - A review of the Ontario Securities Commission's Public Interest Jurisdiction.

Mark R. Gillen. Increasing Overlap Between Securities Regulation and Corporate Law Has Consequences. 1996.

Marvin Yontef. Takeover Bid Defences: Issuing Securities to a Friendly Party - The Canadian Experience. 2013.

Mary Condon. Rethinking Enforcement and Litigation in Ontario Securities Regulation. 2006.

Nigel Campbell, Erin Hoult & David Badham. Lesser Included Non-Offences?: The Use of the Public Interest Power in Re Donald.  2014.

Sean Vanderpol & Edward J. Waitzer. Addressing the Tension between Directors' Duties and Shareholder Rights - A Tale of Two Regimes. 2012.

Tom Atkinson & Cullen Price. The Ontario Securities Commission's Public Interest Power: The Primary of Principles. 2014.

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