Maureen Jensen has been nominated as the new chair and CEO of the Ontario Securities Commission (OSC), subject to review by the Standing Committee on Government Agencies.
Jensen, the daughter of a Falconbridge mining engineer who grew up in Sudbury, has been the OSC’s executive director and CAO since 2011.
Previously, Jensen was senior vice-president of surveillance and compliance with the Investment Industry Regulatory Organization of Canada, a position she held from 2008 until joining the OSC.
She is also a former president and CEO of Market Regulation Services Inc. and director at the Toronto Stock Exchange and TSX Group. Before moving into securities regulation, Jensen held key executive and technical management positions at several mining companies.
The OSC administers and enforces securities law in the province of Ontario. It is the principal regulator for 80 per cent of Canadian investment fund issuing companies, and is responsible for establishing standards surrounding reporting in mineral exploration.
“Ms. Jensen’s nomination as the OSC's new chair and chief executive officer reflects her accomplished career in the financial services industry and expertise in capital markets regulation,” Finance Minister Charles Sousa said in a release.
“She is well respected by her colleagues and peers in the investment industry across the country. Ms. Jensen’s leadership will ensure that the OSC will continue to operate efficiently and smoothly through a crucial period of modernizing Canada's capital markets regulatory system.”
