The SAC provides advice to the commission and staff on a variety of matters including legislative and policy initiatives and capital markets trends. It also provides advice and comments on legal, regulatory and market implications of any aspect of commission rules, policies, operations, and administration. In addition, it is expected to provide general advisory services to the commission and staff on an informal basis relating to emerging trends in the marketplace.

The SAC is asked to report to the commission at least annually on its work over the previous year and identify issues that SAC considers should be addressed by the commission.

The OSC is now looking for five prospective candidates (four Ontario lawyers and 1 U.S. lawyer) to serve on the SAC for a two-year term beginning in February 2008.

Individual practitioners, with the support of their firms, are invited to apply in writing for membership on SAC to the Office of the general counsel of the commission, indicating areas of practice and relevant experience. Applications for will be considered if received before Jan. 7, 2008.