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04 Feb 2019

Dollars for disclosures

The OSC’s Office of the Whistleblower raises the stakes for internal reporting and investigations.

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On July 14, 2016, the Ontario Securities Commission (OSC) followed in the footsteps of the U.S. Securities and Exchange Commission (SEC) and officially launched the Office of the Whistleblower, a program that provides paid compensation of up to $5 million to individuals who provide original information about violations of Ontario’s securities laws that lead to enforcement penalties of at least $1 million. Coupled with new laws aimed at bolstering whistleblower protection, the OSC has created renewed incentive for individuals with relevant knowledge to come forward.

How can affected organizations prepare?

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Alan Stewart

Deloitte Forensic
416-643-8289

Emmy Babalola

Deloitte Forensic
416-601-5747

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