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 2014 for a three-year term ending December 2016. 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 diversifying membership on SAC in order to broaden our perspective on the development of securities regulatory policy. We therefore invite the submission of applications specifically from in-house counsel practicing in the securities area at an exchange, institutional investor or dealer.

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 2013 are:

Douglas Bryce Osler Hoskin & Harcourt LLP
Carol E. Derk Borden Ladner Gervais LLP
Shahen A. Mirakian McMillan LLP
Sean Vanderpol Stikeman Elliott LLP
Brad Brasser Jones Day
Jeff Davis Ontario Teachers’ Pension Plan
Christopher Hewat Blake, Cassels & Graydon LLP
Leslie McCallum Torys LLP

The Commission wishes to thank the following members whose terms will expire at the end of December 2013:

Tina Woodside Gowling Lafleur Henderson LLP
Robert Wortzman Wildeboer Dellelce LLP
Heather Zordel Cassels Brock & Blackwell LLP
Grant McGlaughlin Goodmans 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 22, 2012. Applications should be submitted by email to:

Monica Kowal
General Counsel
Ontario Securities Commission
20 Queen Street West
22nd Floor, Box 55
Toronto, Ontario
M5H 3S8
Tel: (416) 593-3653

October 24, 2013