The Ontario Securities Commission (OSC) is looking for fund manufacturers and portfolio managers to sit on its committee that provides the regulator with advice about the fast-evolving investment fund business.

The OSC said Friday it is seeking new members for its Investment Funds Product Advisory Committee (IFPAC), which was launched back in 2011 to provide OSC staff with advice and insight into product development trends and innovations in the fund business.

“In an environment of rapid product growth and increasingly complex investment fund products, OSC staff recognize the unique perspective market participants, particularly product manufacturers and portfolio advisors, may have in identifying and anticipating market and product trends,” the OSC says.

The committee — which is chaired by Rhonda Goldberg, director of the commission’s investment funds and structured products branch — is comprised of between eight and 12 people who serve two-year terms. It typically meets four times a year.

The commission says that members of the committee are selected “on the basis of their involvement in the investment fund industry, their knowledge of product development and their strong interest in related policy considerations”.

Prospective candidates for the committee are invited to submit applications for membership by May 15.