Statement from OSC Chair on Passing of John Mountain

TORONTO, June 18, 2018 /CNW/ - The following statement was issued today by Maureen Jensen, Chair and CEO of the Ontario Securities Commission (OSC), on the passing of John Mountain, Director of the OSC's Investment Funds and Structured Products Branch:

"We extend our deepest condolences to the family and friends of John Mountain, who passed away this morning. John's passion and leadership had a profound impact on the mutual fund industry in Canada. John's policy contributions during his career will benefit investors and the mutual fund industry for years to come. He was an important part of our executive management team and the social fabric of the OSC."

John was appointed Director of the Investment Funds and Structured Products Branch on March 14, 2016. During his time at the OSC, John led a team that worked tirelessly on proposals to change the mutual fund fee structure in Canada and reduce the regulatory burden for investment fund issuers.

John's interactions and leadership consistently demonstrated his personal values and the values of the OSC, gaining the respect and affection of his colleagues. We will miss him greatly.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair and efficient capital markets and confidence in the capital markets, and to contribute to the stability of the financial system and the reduction of systemic risk.  Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca.

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SOURCE Ontario Securities Commission