Approach to Loss Calculation - Illiquid Exempt Market Securities (2024): Public consultation closed

We would like to thank all those who provided their input to our loss calculation for complaints involving unsuitably sold illiquid exempt market securities consultation. The public consultation period was announced September 26, 2024, and the comment period for the project closed November 21, 2024. This consultation focused on assessing the process we currently use and helping us determine whether there are better alternative approaches we should adopt in such cases. This consultation was recommended in our 2021 independent expert external review.

In the coming months, we will carefully review the comments received and take into consideration all stakeholders’ input. Following this review, we will publish our response to the consultation and any appropriate action items or changes.

Should you have any questions or comments about our public consultation process, please contact:

Mark Wright, Director, Communications and Stakeholder Relations
20 Queen Street West, Suite 2400, P.O. Box 8
Toronto, ON M5H 3R3
Fax: 1-888-422-2865
Email: publicaffairs@obsi.ca