The Autorité des marchés financiers (AMF) said Wednesday is seeking candidates to be part of two advisory committees, one to focus on derivatives markets, and another devoted to the mining sector.
The two new advisory committees will provide the regulator with insight into emerging regulatory issues in these two areas, the Quebec securities regulators says.
The committees will include AMF staff and between five and 10 outside members with relevant expertise. The outside members, which will be selected by the AMF, will be appointed for an initial three-year term. The committees will meet two or three times a year.
The Derivatives Advisory Committee (DAC) will focus on statutory and regulatory proposals in derivatives markets, and provide input on improving the regulatory framework.
The Mining Advisory Committee (MAC) will provide a forum for interaction between mining sector participants and regulators. In particular, it will focus on issues related to financing and continuous disclosure.
“The establishment of these committees further highlights the AMF’s ongoing efforts to be open and accessible to participants of the financial ecosystem,” says Louis Morisset, president and CEO of the AMF, in a statement.
“The goal of striking a balance between consumer protection and the orderly development of markets can more easily be achieved when based on constructive dialogue ahead of statutory and regulatory developments,” he adds.
The deadline for applications to join the committees is June 10.