The Ontario Securities Commission is inviting new applications for membership on its Small Business Advisory Committee.

The SBAC is generally composed of 10 members. It meets about four times a year and members serve two-year terms. Members are expected to have extensive knowledge of small business issues and a strong interest in securities regulatory policy as it relates to small business financing.

The SBAC, established in 2002, provides ongoing advice to the commission and its staff on the securities regulatory issues facing small and medium-sized businesses in Ontario and serves as a forum for continuing communication between the commission and small business.

The SBAC is chaired by a commission staff representative. For the next two years, the chair will be Erez Blumberger, assistant manager of the commission’s corporate finance branch.

It notes that representatives of small businesses, industry associations, law and accounting firms and other interested persons are invited to apply in writing for membership on the SBAC indicating their areas of practice and relevant experience. Interested parties should submit their applications by Jan. 31.