OSC highlights compliance, crypto, culture in annual RIE division report
“This was the year of change for RIE, as we orient ourselves towards the future as a modern, agile regulator committed to upholding compliance in the marketplace. One element that hasn’t changed is our focus on assisting firms in meeting their regulatory requirements.” says Onyeaju.
The RIE’s compliance sweeps reveal where the OSC believes risks are highest:
- Crypto Asset Trading Platforms: Many restricted dealers failed to meaningfully tailor account appropriateness and client limits to investors’ profiles. Some conducted rote assessments rather than individualized ones, undermining the client protection aims of their exemptive relief conditions.
- Conflicts of Interest: Despite previous…
