The Saskatchewan Securities Commission has proposed a conflict of interest rule governing its own members and employees.

The local instrument sets out how approvals and notices are to be given, prohibits employees and members from disclosing confidential information they obtain while working for the commission, and from participating in hearings in certain situations. It requires members and employees to file an annual Certificate of Compliance. It also requires members and employees to report breaches of the conflict rules.

A companion policy sets out potential breaches of the rules, and provides guidance in specific cases. It also sets out the factors that the chairperson and director might consider when dealing with conflicts of interest.

Comments on the proposed rule are due on the proposed rule by September 20.