Canadian securities regulators are updating the agreement that sets out oversight arrangements for the Ombudsman for Banking Services and Investments (OBSI).

Regulators on Tuesday published a revised memorandum of understanding (MOU) between members of the Canadian Securities Administrators (CSA) and OBSI concerning the regulators’ oversight of the dispute resolution service.

The revised MOU includes all of the members of the CSA as signatories. The original MOU published in 2013 didn’t include Quebec or Newfoundland. Investors in Quebec can use OBSI to settle disputes that fall within its mandate, but the Autorité des marchés financiers (AMF) can also act as a mediator in client disputes.

Under the updated MOU, the AMF joins the Alberta Securities Commission (ASC), the British Columbia Securities Commission (BCSC), and the Ontario Securities Commission (OSC), as regulators that can act on behalf of the CSA under the agreement.

According to a notice from the BCSC, the revisions also aim to clarify certain provisions on the MOU, including the sections that deal with information sharing and independent evaluations of OBSI.