The OSC Whistleblower Program is the first and only paid program of its kind run by a Canadian securities regulator. It was launched in 2016,
Whistleblowers who submit original information about violations of Ontario securities law may be eligible for awards of up to $5 million.
Tips that are most likely to result in successful enforcement action leading to monetary awards are made up of high-quality, timely, specific and credible information and often include some form of analysis. Many whistleblowers submit tips on their own and others submit tips anonymously through counsel.
In some cases, counsel assists whistleblowers with analysis or to clarify allegations. Given the increasingly global nature of capital markets, the OSC sees meaningful tips come in from across Canada, the U.S. and around the globe.
Confidentiality is a cornerstone of the program, and all reasonable efforts are made to ensure that a whistleblower’s identity is protected. Tips can be submitted online to: www.oscwhistleblower.ca and potential or existing whistleblowers with questions can call the Program’s confidential hotline at 1-888-OSC-5553 (1-888-672-5553).
The OSC published an update on the OSC Whistleblower Program to show how whistleblowers drive its success and the critical value they bring to advancing the OSC’s enforcement efforts. It tells the story of the program based on the first five fiscal years of operation. To learn more about the program or to read the update please visit the OSC’s website.