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News Release

Ontario Securities

20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

December 22, 2011

OSC Chair Howard Wetston Comments on Decision by Supreme Court of Canada

TORONTO – The following statement was issued today by Ontario Securities Commission (OSC) Chair and Chief Executive Officer Howard Wetston, Q.C., following the release by the Supreme Court of Canada of its judgment on the constitutionality of the proposed Canadian Securities Act:

“The OSC will take the time to review today's decision of the Supreme Court of Canada. We remain focused on regulating Ontario’s capital markets in the best interests of the province's investors and market participants. We are currently dealing with important policy, enforcement, market infrastructure and other matters that will require our full commitment.

“With respect to national regulatory initiatives, we will continue to work with other provincial and territorial securities regulators.”


For Media Inquiries:     Wendy Dey
Director, Communications & Public Affairs

Carolyn Shaw-Rimmington
Manager, Public Affairs

Dylan Rae
Media Relations Specialist

For Investor Inquiries:     OSC Contact Centre
1-877-785-1555 (Toll Free)