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The Ontario Securities Commission in 1975. Changes and activities made in the last six months since Mr. Pattillo became Chairman. Problems and priorities of the Commission for 1975. Two major topics of concern: first, the accuracy of financial reporting discussed under the following headings: Pension Costs Accounting; Differential Disclosure; Financial Forecasts. Second, the continuation of the fixed percentage fee structure on the Toronto Stock Exchange, beginning with an historical review and background of the last few years regarding the Exchange and the Commission. Will the Exchange be able to survive and should it? The importance of recognizing these problems and doing something about them.