The Bourse de Montréal Inc. is seeking candidates to serve on the committee that oversees its regulatory division.

After adopting new term limits for directors and the members of its regulatory oversight committee, the MX said that certain members of that “special committee” will be stepping down in May.

As a result, it’s now seeking applications to fill three seats on the committee, which oversees the MX’s regulatory division and reports to its board of directors.

The division is a separate unit that carries out the exchange’s self-regulatory functions.

At least half the oversight committee must be Quebec residents, and at least half must be independent members. At least half must also have derivatives expertise.

Applications are due by April 17.

The committee will review the applications and recommend candidates to the MX board for nomination.