The Ontario Securities Commission (OSC) issued a decision on April 1, 2024, regarding the delegation of certain powers and duties under the Commodity Futures Act, R.S.O. 1990, Chapter C. 20, as amended. The Chief Executive Officer (CEO) designated specific positions within the OSC to be considered “Directors” for the purposes of exercising delegated powers and duties. This decision follows the 2022 Delegation, which allowed the CEO to determine which Directors could act individually in administrative matters. The designated positions include various managerial roles across multiple divisions of the OSC, such as Corporate Finance, Registration, Inspections and Examinations, Trading and Markets, Enforcement, Investment Management, and the Office of Economic Growth and Innovation. Additionally, roles such as the Chief Accountant, Associate Chief Accountant, and various Vice Presidents were included. This designation ensures that these individuals can exercise the powers and perform the duties delegated by the Commission, alongside the CEO, until further notice. The decision is grounded in subsection 2.3(1) and subsection 1(1) of the Commodity Futures Act.
