The CFFiM strongly supports fair, effective, and credible investor dispute resolution in Canada. The fairness, independence, and impartiality of the Ombudsman for Banking Services and Investments (OBSI) are fundamental to achieving that objective.

The CFFiM also strongly supports evidence-based regulatory reform and rigorous cost-benefit analysis.

These disciplines are essential to limiting costs ultimately borne by investors and fostering the innovation that expands investor choice and access to financial products and services.

The CFFiM has concerns regarding the lack of data supporting the Canadian Securities Administrators’ (CSA) proposal to provide the OBSI with binding dispute resolution powers with ‘enhanced’ CSA oversight (the Proposed Amendments). The CFFiM filed a freedom of information act request with the Ontario Securities Commission (OSC) to obtain records in support of the Proposed Amendments and worked with the OSC to identify the records being withheld. Disclosure of these records support transparency, open dialogue in the public consultation process, and the adoption of evidence-based regulation.

Due to applicable filing deadline, the CFFiM filed an appeal with the Information and Privacy Commissioner on June 19, 2026. Given the strong public interest in disclosure, CFFiM has requested that the OSC reconsider its withholding.