The Ontario Securities Commission (OSC) announced on Wednesday that it’s seeking new candidates for its Investment Funds Product Advisory Committee (IFPAC) as regulators contemplate significant reforms in the investment funds industry.
The IFPAC advises the OSC’s staff on emerging issues in the investment funds and structured products business, including product developments and innovations. It also provides feedback to OSC staff on regulatory policy and rulemaking.
Securities regulators across Canada are currently in the process of considering major reforms for the investment funds sector, including a possible ban on embedded commissions and ways to streamline product regulation.
The OSC is looking for applications from senior industry personnel with product development experience, along with other professionals who have relevant experience, to join the IFPAC for the 2017-19 term.
The committee meets four times a year and consists of eight to 12 members, serving two-year terms; it’s currently chaired by Melissa Schofield, senior legal counsel in the OSC’s investment funds and structured products branch.
Applications are due by June 21.