Ontario budget calls for overhaul of province’s securities regulator

Globe and Mail – The Ontario government plans to move ahead with an overhaul of the Ontario Securities Commission, pushing an expanded mandate for the regulator and proposing a drastic reconfiguration of its internal governance structure.

Kevin Thomas, CEO of the Shareholder Association for Research and Education, an investor protection group, said he was particularly disappointed there wasn’t more in the budget around the adoption of diversity targets by companies. “Mandating companies set diversity targets and achieve them had pretty broad support by issuers and investors,” Mr. Thomas said.