The BCSC is a state-run corporation able to control and govern a dynamic market due to its self-sufficiency and adjustability. Being one of the governmental agencies we report to the Legislature via the minister that bears responsibility for the Securities Act administration. BCSC’s self-financing signifies that not ratepayers but the participants of the market bear the securities regulation cost.
BCSC incurs a liability for the regulation of securities in British Columbia commerce via the Securities Act administration.
Public interest protection and promotion is BCSC main goal which can be achieved only by cultivating the following ideas:
– A fair and transparent securities market that guarantees public certainty and trust
– Creating securities industry characterized by competiveness and dynamics and thus providing vast opportunities for investors with their capitals.
Ontario Securities Commission (OSC)
All the capital markets of Ontario including equities, derivatives markets and fixed income are liable to the regulation by the OSC. Being a self-financed organization, the OSC is at the same time a state-run agency. It means that this commission is responsible vis-a-vis the Legislature of Ontario via the Minister of Finance.
Both the Commodity Futures Act and the Securities Act of the given province are administered and enforced by this regulatory body. The Business Corporations Act, and more exactly some of its provisions, is controlled and regulated by the OSC too.
According to the legislation the OSC’s duties are set out in the following areas: the development and enforcement of rules helping in investment safeguarding; the misconduct discouragement and prevention; the cultivation of fairness and integration at capital markets; the fosterage of public certainty and trust in the markets.