Securities Law & Instruments

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OSC STAFF NOTICE 11-737 (Revised)



The Securities Advisory Committee ("SAC") is a committee of industry experts established by the Commission to advise it and its staff on a variety of matters including policy initiatives and capital markets trends. The Commission seeks four prospective candidates to serve on SAC beginning in January 2021 for a three-year term ending December 2023. There is a one-third turnover of SAC membership each calendar year.

SAC members generally meet every month and provide advice on a variety of matters, including legal and regulatory initiatives, as well as market implications of Commission rules, policies, operations, and administration. SAC members are also invited to provide their perspectives on emerging trends in the marketplace. Those who make a commitment to serve on SAC must be in a position to devote the time necessary to attend meetings and be an active participant at those meetings.

SAC members are expected to have excellent technical abilities and a strong interest in the development of securities regulatory policy. This includes having in-depth knowledge of the legislation, rules and policies for which the Commission is responsible, as well as a significant practice and experience in the securities field. Expertise in an area of special interest to the Commission at the time of an appointment will also be a factor in selection. Diversification of membership on SAC continues to be a Commission priority in order to promote a broad perspective on the development of securities regulatory policy. In addition to candidates engaged in private practice, we continue to welcome the submission of applications 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 2020 are:

Kathryn J. Daniels

Canadian Pension Plan Investment Board

Linda Fuerst

Norton Rose Fulbright Canada LLP

Desmond Lee

Osler, Hoskin & Harcourt LLP

Jennifer F. Longhurst

Davies Ward Phillips and Vineberg LLP

Julie Mansi

Borden Ladner Gervais LLP

Leila Rafi

McMillan LLP

Rima Ramchandani

Torys LLP

Ora Wexler

Dentons Canada LLP

The Commission wishes to thank the following members whose terms will expire at the end of December 2020:

Deanna Dobrowsky

Toronto Stock Exchange

Margaret Gunawan

BlackRock Asset Management

Barbara Hendrickson

Bax Toronto Stock Exchange Securities Law

Blair Wiley


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 6, 2020. Applications should be submitted by email to:

James Sinclair
General Counsel
Ontario Securities Commission
20 Queen Street West, 22nd Floor
Toronto, Ontario, M5H 3S8
Tel: (416) 263-3870