Toronto-based Investment Industry Regulatory Organization of Canada (IIAC) is looking for a new crop of nominees for the IIAC Top Under 40 Award.

“The IIAC Top Under 40 Award recognizes and celebrates the new generation of highly motivated and talented young professionals whose drive, dedication and personal and professional qualities and accomplishments have brought distinction to the investment/financial industry,” states the organization’s announcement released Wednesday.

The award winner will be chosen by an independent committee looking for characteristics such as career excellence, commitment to the Canadian financial industry through involvement in professional bodies, and dedication to community service.

A nominee must be a full-time employee of an IIAC member firm and under the age of 40 as of Dec. 31, 2015. Past nominees are eligible to be nominated again as long as they fulfill the age requirement and have not already received the award.

The award, which is supported by Toronto-based Smarten Up Institute and Investment Executive newspaper, will be presented to the chosen recipient at the IIAC Top Under 40 Award judges’ reception on Oct. 27. The winner will also be recognized at the IIAC Investment Industry Hall of Fame gala dinner later that evening.

The winner will be awarded a mentorship opportunity with a top industry leader in association with the Smarten Up Institute’s mentor program and be offered an individualized course of their choosing with the Smarten Up Institute in Toronto, or a course at a partner university or college.

Nominations will be accepted until May 31 until 5:00 p.m. EST.

More details about the award and the nomination process can be found through the IIAC website.