On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Pursuant to subsections 8(1) and (3) of the Securities Commission Act, 2021 and subsection 76(2) of the Legislation Act, 2006,

Directors’ remuneration

  1. The directors of the Ontario Securities Commission (the “Commission”), other than the Chair and Chief Executive Officer, shall each be compensated at the rate of $472 per day.
  2. The chair of the Commission shall be compensated at the rate of $744 per day.

Expenses

  1. The directors shall be reimbursed for work-related expenses incurred while engaged in the business of the Commission in accordance with the Travel, Meal and Hospitality Expenses Directive and any other Treasury Board and Management Board of Cabinet directives.

This Order shall come into effect on the later of the date that section 8 of Schedule 9 of the Protecting the People of Ontario Act (Budget Measures), 2021 is proclaimed into force and the date that this Order is made.

Ministry of Finance

Approved and Ordered: March 10, 2022