Securities Law & Instruments

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The Commission formally established the Securities Advisory Committee to the Commission ("SAC") many years ago. SAC meets on a regular basis, generally monthly, and provides advice to the Commission and staff on a variety of matters including policy initiatives and capital markets trends. SAC also provides advice and comments on legal, regulatory and market implications of any aspect of Commission rules, policies, operations, and administration. In addition, SAC is expected to provide general advisory services to the Commission and staff on an informal basis relating to emerging trends in the marketplace.

The Commission is now looking for four prospective candidates to serve on SAC beginning in January 2013 for a three-year term ending December 2015. There is a one-third turnover of SAC membership each calendar year.

Those who make a commitment to serve on SAC must be in a position to devote the time necessary to attend meetings, be an active participant, and undertake the work involved, which occasionally must be dealt with on an urgent basis. SAC members are expected to have excellent technical abilities and a strong interest in the development of securities regulatory policy. SAC members must have in-depth knowledge of the legislation and policies for which the Commission is responsible, and have significant practice experience in the securities area. Expertise in an area of special interest to the Commission at the time an appointment is made will also be a factor in selection. At this time, the Commission is interested in selecting at least one new member with extensive experience and a high level of familiarity with novel and structured products and/or derivatives and derivatives regulatory reform.

Qualified individuals who have the support of their firms/employers for the commitment required to effectively participate on SAC, are invited to apply in writing for membership on SAC to the General Counsel's Office of the Commission, indicating areas of practice and relevant experience. Prospective candidates are encouraged to review OSC Policy 11-601 for further information about SAC.

SAC members whose terms continue past December 2012 are:

Brad Brasser

Jones Day


Jeff Davis

Ontario Teachers' Pension Plan


Christopher Hewat

Blake, Cassels & Graydon LLP


Leslie McCallum

Torys LLP


Grant McGlaughlin

Goodmans LLP


Tina Woodside

Gowling Lafleur Henderson LLP


Robert Wortzman

Wildeboer Dellelce LLP


Heather Zordel

Cassels Brock & Blackwell LLP

The Commission wishes to thank the following members whose terms will expire at the end of December 2012:

Robert Black

Davis LLP


C. Steven Cohen

Burnet, Duckworth & Palmer LLP


Peter Hong

Davies Ward Phillips & Vineberg LLP


James McVicar

Heenan Blaikie LLP

The Commission is very grateful to outgoing members for their able assistance and valuable input.

Applications for SAC membership will be considered if received on or before November 12, 2012. Applications should be submitted by email to:

Monica Kowal
General Counsel
Ontario Securities Commission
20 Queen Street West
19th Floor, Box 55
Toronto, Ontario
M5H 3S8
Tel: (416) 593-3653

October 11, 2012