OSC CEO Grant Vingoe appointed as IOSCO Vice-Chair

We are pleased to share that the Board of the International Organization of Securities Commissions (IOSCO) has selected OSC CEO Grant Vingoe as Vice-Chair for the 2026–2028 term.

Grant will work closely with regulators from advanced and emerging markets to address shared priorities including market integrity, investor confidence, financial innovation, cross-border cooperation and managing systemic risk. This is a significant achievement for both Grant and the OSC as it will expand our influence on the international stage.

“IOSCO’s strength is its ability to build consensus across very different markets and translate that into standards and cooperation that investors can rely on,” said Grant. “I look forward to working with the IOSCO Board, under the distinguished leadership of Chair Jean-Paul Servais, and my fellow Vice-Chairs, Toshiyuki Miyoshi, Mark Uyeda and Dr. Islam Abdel Azim Azzam, to further strengthen global collaboration by bringing regulators together to set consistent standards and respond collectively to emerging risks.”

The work of global institutions, such as IOSCO, is particularly crucial in the current environment, with markets facing rapid technological change, elevated geopolitical uncertainty, and evolving approaches to regulation. IOSCO plays a critical role in the global financial system, bringing together regulators from more than 130 jurisdictions, representing more than 95% of the world’s securities markets.

During a time of evolving global capital markets, this recognition reflects Grant’s strong leadership and expertise, and his commitment to strengthening IOSCO’s collective impact and mission of financial stability and investor protection.

We’re proud to see Grant step into this important global role, while continuing to champion Ontario’s capital markets as inviting, thriving and secure.

View industry reaction to the news below!

In each OSC Guide, we shine a spotlight on the leaders and teams that you can expect to interact with at the OSC. Stay tuned to meet more of the OSC team next month!

Industry news

OSC issues 2026 Risk Assessment Questionnaire

Earlier this month, the OSC issued the 2026 Risk Assessment Questionnaire (RAQ). The OSC uses a risk-based approach to oversee and monitor its registrants. Information collected through the RAQ supports those functions and evidence-based decision-making.

Registrants must complete the RAQ by June 17, 2026. The questionnaire must be completed and submitted through the OSC’s Electronic Filing Portal, and access to this is provided in the email sent to registrants on May 6, 2026.

OSC Disgorgement Order ‘Go-To Developments Inc.’, ‘Go-To Spadina Adelaide Square Inc.’, ‘Furtado Holdings Inc.’, and ‘Oscar Furtado.’ File No. 2022-8

Earlier this month, the Capital Markets Tribunal issued an order, in the matter of Go-To Developments Holdings Inc. , Go-To Spadina Adelaide Square Inc., Furtado Holdings Inc., and Oscar Furtado. 

This order requires one or more individuals or companies to disgorge money to the OSC that was obtained through violations of Ontario’s securities law.

RIE sets out its 2026-2027 Examination Priorities

On May 14, the Registration, Inspections and Examinations (RIE) division published its 2026‑27 Examination Priorities, which outline key areas of focus for compliance examinations over the coming year and reflect RIE’s risk-based approach to oversight.

The 2026 Examination Priorities are guided by a number of external and internal sources, including RIE’s ongoing oversight activities, horizon scanning, consultation across OSC divisions, collaboration with our regulatory partners, market developments, and engagement with registrants and other stakeholders.

Matthew Onyeaju, Senior Vice President, RIE (pictured above) noted that “RIE’s 2026 examination priorities continue to provide greater transparency to our stakeholders on areas of focus for the upcoming fiscal, as well as promoting proactive compliance from our registrants”.

CSA Notice and Request for comment on proposed amendments to Take-Over Bids and Issuer Bids

On May 14, the CSA published a Notice and Request for Comment related to proposed amendments and changes to enhance the Canadian issuer bid, take-over bid, and beneficial ownership reporting regimes.

In the Notice, the CSA is seeking feedback on the proposed amendments and changes.

The 90-day comment period closes August 12, 2026.

OSC reaches settlements with Stan Bharti and Neil Said, former executives of Medivolve Inc.

The Capital Markets Tribunal approved settlement agreements on May 8th between the OSC, Stan Bharti and Neil Said. Both Mr. Bharti and Mr. Said have admitted to breaching Ontario securities law by authorizing Medivolve Inc. to issue financial disclosure documents that contained material misstatements. 

“Officers and directors play a crucial role in promoting the integrity of our capital markets through honest and transparent disclosure, and compliance with Ontario securities law,” said Bonnie Lysyk, Executive Vice President, Enforcement at the OSC. “Where they don’t comply with these fundamental standards, the OSC will act. Today’s settlement should serve as a reminder to others of the consequences they will face should they seek to undermine our capital markets.”

OSC spotlight

OSC participates in IOSCO Annual Meeting 2026

(L-R: Grant Vingoe and Dr. Islam Abdel Azim Azzam)

Alongside the IOSCO Annual Meeting 2026, OSC CEO Grant Vingoe met with Dr. Islam Abdel Azim Azzam, Chairman of Egypt’s Financial Regulatory Authority (FRA), to exchange views on key priorities shaping global capital markets.

As newly elected Vice-Chairs of the IOSCO Board, Grant and Dr. Azzam discussed emerging trends, shared challenges, and the importance of continued collaboration among securities regulators worldwide.

The OSC appreciates the FRA’s warm hospitality and we value our strong relationship with the FRA. We look forward to continued engagement through IOSCO—working together to support resilient markets and effective global regulation.

OSC speaks at Payments Canada Summit

Photo L-R: Casey Buckley (BCG), Francisco Rivadeneyra (Bank of Canada), Melissa Taylor, and Carlo Campisi (Shakepay)

Earlier this month, at the 2026 Payments Canada Summit, Melissa Taylor, Senior Legal Counsel, Corporate Finance, joined panellists from the Bank of Canada, Shakepay and BCG for a thoughtful discussion on risk frameworks, balancing innovation and consumer protection, and Canada's position in the global regulatory environment.

Advisory Committee Updates

OSC’s Investor Advisory Panel releases 2025 Annual Report

On May 12, the OSC’s Investor Advisory Panel (IAP) released its 2025 Annual Report  summarizing its activities, submissions, consultations, and meetings.

The past year saw a continuation of significant developments that affect retail investors, including advances in technology, more variety in investment products and ways to invest, and increasing uncertainty concerning the economy and the broader geo-political environment. The work of the IAP focused on understanding how these issues are impacting retail investors and then providing the retail investor perspective to the policy and rule-making initiatives of the OSC.

Investor resources & warnings

OSC resources for investors 

The OSC has a web-based resource to assist investors who may be experiencing distress, whether related to investment losses or other challenges.

It features a curated list of websites and tools aimed at addressing investor inquiries and connecting individuals with community supports. From mental health resources to crisis helplines, these connections can provide vital assistance during difficult times.

OSC investor warnings and alerts

Watch out for scammers impersonating the OSC

The OSC reminds investors to be vigilant about unsolicited communications from scammers posing as the OSC or employees of the OSC. If you've received a suspicious communication, please contact us at 1-877-785-1555 or inquiries@osc.gov.on.ca.

Capital Markets Tribunal 

Events

Upcoming events

June 8

June 11
CSA Toronto tokenization workshop: Powering Growth and Competitiveness

June 17
Deadline for registrants to complete the 2026 Risk Assessment Questionnaire

June 30
Deadline to submit comments on the OSC’s initiative on the machine‑readable regulatory framework

July 1
Canada Day – OSC office closed

July 29
Deadline to submit comments on the OSC's proposed amendments to fee rules

Contact us

The OSC has an intake form for investors, issuers, registrants, and other stakeholders to submit inquiries, complaints, and tips to the OSC.

For more information on the Contact Centre and to access the intake form, visit the OSC website.

Do you have questions, comments or feedback on this newsletter?

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