The Ontario Securities Commission (OSC) is seeking applications for new members to sit on its Investor Advisory Panel (IAP), the commission announced Wednesday.
The independent panel provides a retail investor perspective on the policy and rule-making initiatives of the OSC. Among other things, the IAP has advocated for a best interest standard, reforms to industry compensation structures and improvements to dispute resolution mechanisms.
“The IAP is an important voice for investors in the regulatory process, and new members will be selected to ensure that the panel continues to represent a broad range of relevant experience, skills, knowledge and perspectives,” the OSC says in news release..
Neil Gross, a veteran securities lawyer and former head of the Canadian Foundation for Advancement of Investor Rights, was recently named IAP chairman.
The new members will be appointed to the committee by Maureen Jensen, OSC chairwoman, based on the advice of a selection committee comprised of two OSC commissioners and a vice chairperson. Members are appointed for terms of up to two years.
Applications are due Oct. 26.