The Ontario Securities Commission will establish an Investor Advisory Committee (IAC) to help identify and address issues affecting investors, and ensure that the views of consumers of financial services are accessible to the Commission, acting Chairwoman Susan Wolburgh Jenah announced today.
“The Commission recognizes the critical importance of consulting directly with investors in carrying out its mandate” said Wolburgh Jenah. “The IAC will provide advice and guidance on any aspect of the OSC that has an impact on investors, including complaints handling and compliance practices”. She said the OSC is acting in response to commitments made at the Town Hall Meeting last May in Toronto.
Investors, representatives of consumer organizations and other interested persons are invited to apply in writing for membership on the IAC, indicating their qualifications and areas of relevant experience.
Candidates will be selected based on the following criteria:
- Experience investing in the capital markets;
- Knowledge of issues impacting retail investors;
- Experience working with investors and representing their interests; and
- Strong interest in the continual improvement and integrity of the investor marketplace and in making a contribution.
Qualifications include the ability to analyze information and articulate issues, as well as strong interpersonal and team skills. Ontario residency and demographic diversity are also criteria.
Interested parties should submit their application by October 18.