The Ontario Securities Commission is establishing a Continuous Disclosure Advisory Committee.

The CDAC will advise staff on a range of matters including the planning, implementation and communication of its review program, and policy- and rule-making initiatives. The CDAC will also serve as a forum to make the Continuous Disclosure team aware of emerging issues and to critically assess the team’s procedures.

The CDAC will be made up of approximately twelve individual members. It will meet four to six times a year and members will serve two-year terms. Members are expected to have extensive knowledge of continuous disclosure issues and a strong interest in securities regulatory policy as it relates to these issues.

The CDAC will be chaired by a commission staff representative who will serve a two-year term. The initial chair will be John Hughes, current head of the CD team.

Representatives of reporting issuers, industry associations and other interested persons are invited to apply in writing for membership on the CDAC indicating their areas of practice and relevant experience. Interested parties should submit their application by June 15.