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Ontario Announces First-ever Dedicated CEO and Nominates Capital Markets Tribunal Chief Adjudicator

Ministry of Finance Ontario | Bulletin | Mar 24, 2022

OSC Grant Vingoe - Ontario Announces First-ever Dedicated CEO and Nominates Capital Markets Tribunal Chief AdjudicatorAs part of the government’s plan to modernize Ontario’s capital markets regulation, the government has selected David Grant Vingoe as the Ontario Securities Commission’s (OSC) first-ever, dedicated Chief Executive Officer. The government has also nominated Timothy Moseley as the first-ever Chief Adjudicator for the new Capital Markets Tribunal (CMT), subject to review by the Standing Committee on Government Agencies. Both positions will take effect upon proclamation of the Securities Commission Act, 2021.

These appointees’ expertise will serve Ontario well by fostering strong, fair and efficient capital markets that drive innovation and competitiveness while continuing to protect investors.

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This new governance structure was recommended by the Capital Markets Modernization Taskforce to help transform the regulatory landscape for the sector. Separating the adjudicative and regulatory functions of the OSC aligns with corporate governance best practices and strengthens its role as an innovative and globally competitive markets regulator.

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OSC | Mar 25, 2022

Grant Vingoe comments on his new role as OSC’s dedicated CEO

TORONTO – The following statement was issued today by Grant Vingoe in response to his selection by the Ontario Ministry of Finance as Chief Executive Officer of the Ontario Securities Commission (OSC):

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“I am honoured to lead the OSC as its first CEO appointed in anticipation of the proclamation of the Securities Commission Act,” said Mr. Vingoe. “The OSC and its talented workforce play a critical role in the economic health of our province and the protection of investors, and I am excited about our future.”

“My role in our new governance structure will allow for an even stronger focus on our policy and regulatory work to ensure Ontario’s capital markets are modern, competitive and deliver strong investor protection,” Mr. Vingoe added. “Our regulatory agenda continues to evolve, as we see new technologies and innovations disrupting the financial services industry and more retail investors than ever accessing our markets in new ways. As CEO, I am committed to ensuring that our key investor protection reforms achieve their promise while fostering conditions enabling businesses to create growth and prosperity in our province.”

In this newly created role, Mr. Vingoe will continue to serve on the OSC’s Board of Directors.

Mr. Vingoe initially joined the OSC in 2015 as a Vice-Chair, following many years of cross-border corporate and securities legal practice. In April 2020, he was appointed Chair and CEO of the OSC.

See:  OSCs Investor Advisor Panel calls for dramatic shift in approach to regulatory oversight

The Ontario Ministry of Finance has also nominated the OSC’s current Vice-Chair Tim Moseley as Chief Adjudicator of the new Capital Markets Tribunal in anticipation of the proclamation of the Securities Commission Act, 2021, subject to review by the Standing Committee on Government Agencies. Mr. Moseley joined the Commission as a part-time Member in 2015 and became Vice-Chair in 2017.

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