OSC staff members frequently establish committees
to provide input on important securities regulation issues.
We believe that effective communications with the stakeholders
who are affected by our actions is an essential part of
the regulatory process, and helps us ensure we achieve the
appropriate balance between protecting investors and fostering
efficient capital markets.
We may establish a consultative committee
for one or more of the following purposes:
- to seek a broad range of ideas and expertise
as we develop new policy initiatives;
- to understand how a specific, recently
implemented policy is affecting capital market participants;
and
- to improve our understanding of the concerns
and issues faced by a particular stakeholder group on
an ongoing basis.
The following groups are currently active:
Please click on the above
links to view the full description of each committee.
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Chair's Industry Advisory Group |
The Chair's Industry Advisory Group
provides an opportunity for senior executives in the investment
industry to offer input directly to the Chair of the Commission
on high-level policy topics. It also offers the Chair a forum
for seeking informal feedback on topical issues.
The group, whose members represent a cross
section of dealers, mutual fund companies and institutional
investors, meets on a quarterly basis.
Members
| Jack Curtin |
Goldman Sachs |
| David F. Denison |
CPP Investment Board |
| Ira Gluskin |
Gluskin Sheff + Associates Inc. |
| Claude Lamoureux |
Ontario Teachers' Pension Plan Board |
| Robert MacLellan |
TD Bank Financial Group |
| John Mulvihill |
Mulvihill Capital Management Inc. |
| Richard W. Nesbitt |
TSX Group |
| Charles R. Sims, CA |
Mackenzie Financial Corporation |
| Joan Smart |
Head of Scotiabank Group Compliance |
| Doug Steiner |
Perimeter Financial Corp. |
| Kevin Sullivan |
GMP Securities |
| Charles M. Winograd |
RBC Capital Markets |
| OSC
staff contact: |
David Wilson
c/o Linda Shrubb
Executive Assistant
Tel: 416-593-8201
E-mail: lshrubb@osc.gov.on.ca
|
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Continuous Disclosure Advisory Committee |
The Continuous Disclosure Advisory Committee
(CDAC) serves as a source of informed, balanced, timely
advice and commentary to the OSC in the following areas:
- the review of continuous disclosure filings
made by reporting issuers; and
- policy issues related to continuous disclosure.
Through this advisory role, the CDAC assists OSC staff in meeting the following goals:
- increasing awareness of continuous disclosure
issues;
- effecting greater discipline in the market
place with respect to continuous disclosure requirements
and obligations.
The CDAC was established in the summer of
2002, and began meeting in September of that year.
Members
CDAC members serve two-year
terms and meet four to six times each year. Committee members
are chosen to reflect both the variety of industry sectors
in our economy, and the variety of users involved in continuous
disclosure activities, including CFOs, general counsel, investor
relations officers and financial reporting personnel.
| Frank Allen |
Borden Ladner Gervais LLP |
| Ian Bacque |
Canadian Investor Relations Institute |
| Len Boggio |
PriceWaterhouseCoopers LLP |
| Mary Condon |
Osgoode Hall Law School |
| Elizabeth DelBianco |
Celestica Inc. |
| Shantha Fernando |
National Steel Car Ltd. |
| Eleanor Fritz |
TSX Group |
| Barry Hildred |
The Equicom Group Inc. |
| Kelly Gorman (Chair) |
Ontario Securities Commission |
| Guy Jones |
Ernst & Young |
| Ken Kivenko |
Investor |
| Karen McCarthy |
Royal Bank of Canada |
| Paul Schneider |
Canadian Coalition for Good Governance |
| Jonathan Sherman |
Imperial Capital Corporation |
| Debra Sisti |
ISS Canada Corporation |
| Michael Vels |
Maple Leaf Foods Inc. |
| Dawn Whittaker |
Ogilvy Renault LLP |
| Michael Woollcombe |
Voorheis & Co. LLP |
| OSC
staff contact: |
Kelly Gorman
Assistant Manager, Corporate Finance
Tel: 416-593-8251
E-mail: kgorman@osc.gov.on.ca
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Fund Governance Advisory Committee |
The Fund Governance Advisory Committee was created
to serve as a sounding board for OSC staff following the publication
of the Canadian Securities Administrators' concept proposal
for a new framework for regulating mutual funds and their managers.
The committee provides advice and recommendations
on technical and legal issues identified by staff or by the
committee members, to ensure the regulations implementing
the proposals are appropriate, practical and cost-effective
for the Canadian mutual fund industry.
Since its creation in the spring of 2002,
the Fund Governance Advisory Committee has typically met four times each year. Staff also consults with industry participants,
including the IFIC Fund Governance Committee, and with investor representatives on many of the
issues discussed with the advisory committee.
Members
The advisory committee consists
of a maximum of ten lawyers or industry participants who specialize
in investment management issues.
| John Hall |
Borden Ladner Gervais |
| Lynn McGrade |
Borden Ladner Gervais |
| Linda Currie |
Osler Hoskin & Harcourt |
| Marlene Davidge |
Torys |
| Karen Malatest |
Torys |
| David Stevens |
Goodman & Carr |
| Stephen Erlichman |
Fasken Martineau |
| David Valentine |
Blake Cassels & Graydon |
| OSC
staff contact: |
Susan Silma
Director, Investment Funds Branch
Tel: 416-593-2302
E-mail: ssilma@osc.gov.on.ca
|
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OSC staff regularly invites groups of Investment
Counsel/Portfolio Managers to discuss current issues and current
regulatory changes. Topics recently discussed have included
the new FINTRAC legislation, and proposed proficiency standards.
Participants
There are no set members. At
each meeting there is a different group of approximately 10
advisers participating.
| OSC
staff contact: |
Marrianne Bridge
Manager, Compliance
Tel: 416-595-8907
E-mail: mbridge@osc.gov.on.ca
|
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Mining Technical Advisory and Monitoring Committee |
The Mining Technical Advisory and Monitoring
Committee (MTAMC) provides advice to the Canadian Securities
Administrators on technical issues relating to the application
of National Instrument 43-101. The MTAMC also serves as a forum
for continuing communication between the CSA and the mining
industry.
The committee was created as a result of the
recommendations in the Final Report of the TSE/OSC Mining
Standards Task Force dated January 1999. It was constituted
on March 12, 2001.
Members
The MTAMC is comprised of
volunteers from across Canada who are involved in different
sectors of the mining industry from early stage exploration
to production. All have extensive technical expertise and
a strong interest in securities regulatory policy as it relates
to the mining industry. The committee is co-chaired by staff
of the OSC and the BCSC.
| Brian Abraham, LL.B., B.Sc., P.Geo. |
Fraser Milner Casgrain LLP |
| Lynda Bloom, P.Geo., MSc |
Halo Resources Ltd. |
| Michel Champagne, M.Sc., P.Geo. |
Sidex s.e.c. |
| Catherine Gignac |
Wellington West, Capital Markets Inc. |
| Greg Gosson, Ph.D. P.Geo. |
AMEC Americas Limited |
| Bernie Haystead, P.Geol. |
CIBC World Markets |
| Alf Hills, BASc, P.Eng. |
Consultant |
| Robert Holland, P.Geo. |
B.C. Securities Commission |
| Leon Lyszkiewicz, MSc. P.Geo. P.Geol. (Observer) |
TSX Venture Exchange |
| Francis Manns, Ph.D., P.Geo. (Observer) |
Toronto Stock Exchange |
| Keith McCandlish, P.Geol. |
Associated Geosciences Ltd. |
| Deborah McCombe, P.Geo. |
Scott Wilson Roscoe Postle Associates Inc. |
| Duncan McIvor, P.Geo. |
Consultant |
| Chester M. Moore, P.Eng., P.Geo. |
Scott Wilson Roscoe Postle Associates Inc. |
| John M. Morganti, Ph.D., P.Geo. |
Teck Cominco Limited |
| John T. Postle, P.Eng |
Scott Wilson Roscoe Postle Associates Inc. |
| Gérald Riverin, géo, Ph.D. |
Ressources Cogitore Inc. |
| Kenneth R. Shannon, P.Geo. |
Corriente Resources Inc. |
| Val Spring, P.Eng. |
Watts Griffis and McOuat |
| Contact: |
OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
|
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Securities Advisory Committee |
The Securities Advisory Committee (SAC) provides
advice to the OSC on a variety of matters, including legislative
and policy initiatives and important capital markets trends.
At the request of the OSC, SAC provides advice
and comments on the legal, regulatory and market implications
of any aspect of Commission rules, policies, operations, and
administration. On its own initiative, SAC may report to the
OSC at any time on issues the members consider should be addressed
by the Commission or of which the Commission should be aware.
SAC may report annually to the Chair of the OSC on its activities
for the preceding year.
SAC generally meets once per month. The OSC's
General Counsel attends all meetings and serves as the liaison
between SAC and the Commission. SAC was constituted in 1998.
Members
SAC members generally serve for terms of two to three years. Members
are expected to have an excellent knowledge of Ontario securities
law, significant practice experience, and a strong interest
in the development of securities regulatory policy.
Additional details on SAC can be found in
OSC Policy 11-601 (25 O.S.C.B. 683).
| Mark Convery |
Ogilvy Renault, LLP |
| Carol Hansell |
Davies Ward Phillips & Vineberg LLP |
| Glen R. Johnson |
Torys LLP |
| Lonnie Kirsh |
Kutkevicius Kirsh LLP |
| Margaret Nelligan |
Aird & Berlis LLP |
| David Valentine |
Blake, Cassels & Graydon LLP |
| Gina Yee |
Scotia Capital Inc. |
| Andrew Kingsmill |
Bennett Jones Toronto |
| John Macfarlane |
Osler, Hoskin & Harcourt LLP |
| Mark Mandel |
White & Case LLP |
| Alfred Page |
Borden Ladner Gervais LLP |
| Andrew Parker |
McCarthy Tétrault LLP |
| OSC
staff contact: |
Monica Kowal
General Counsel
Tel: 416-593-3653
E-mail: mkowal@osc.gov.on.ca
|
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Senior Securities Legal Advisory Group |
The Senior Securities Legal Advisory Group is
a group of senior securities and corporate law practitioners
who meet on a quarterly basis with the Chair and General Counsel
of the Commission.
This forum offers the Chair an opportunity
to raise topical issues and get advice and feedback in an
informal and interactive setting. It also offers this representative
group of legal practitioners an opportunity to raise with
the Chair issues of concern to them.
Members
| Members |
Firm |
| Phil Anisman |
Anisman, Phil |
| David Jackson |
Blake, Cassels & Graydon LLP |
| Alan Bell |
Bennett Jones LLP |
Frank Allen Paul Mingay |
Borden Lander Gervais LLP |
Shawn McReynolds Patricia Olasker |
Davies Ward Phillips & Vineberg LLP |
William Orr Richard Steinberg |
Fasken Martineau DuMoulin LLP |
Richard Scott Ralph Shay |
Fraser Milner Casgrain LLP |
Stephen Halperin Jonathan Lampe |
Goodmans LLP |
| Connie Sugiyama |
Gowlings |
| Jeff Barnes |
Heenan Blaikie LLP |
| Rene Sorell |
McCarthy Tetrault |
| Margaret McNee |
McMillan Binch Mendelsohn LLP |
| Cathy Singer |
Ogilvy Renault LLP |
| Jean Fraser |
Osler, Hoskin & Harcourt LLP |
William Braithwaite Ed Waitzer |
Stikeman Elliott LLP |
| Peter Jewett |
Torys LLP |
William C. Ross Wayne T. Egan |
Weir Foulds LLP |
| OSC
staff contact: |
Monica Kowal General Counsel
Tel: 416-593-3653
E-mail: mkowal@osc.gov.on.ca
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Small Business Advisory Committee |
The Small Business Advisory Committee (SBAC) was established in the fall of 2002 to advise OSC staff on various securities regulatory issues facing small and medium-sized businesses in Ontario including issues arising from rules and regulations relating to disclosure, financial reporting, internal controls and prospectus and registration exemptions.
Drawing on its members' diverse backgrounds and experiences gained from a broad spectrum of industry sectors, the committee's mandate is twofold:
(a) to advise OSC staff on the impact of existing and proposed securities regulations on small and medium-sized businesses; and
(b) to serve as a forum for continuing communication between the Commission and small and medium-sized businesses.
Members
The committee includes representatives of small businesses, industry associations, law and accounting firms. Members serve two-year terms. The committee is currently comprised of the following individuals:
| Erez Blumberger |
Manager, Corporate Finance, Ontario Securities Commission (SBAC Chair) |
| Steve Callan |
Assurance & Advisory Partner, Mintz & Partners LLP |
| Ungad Chadda |
Director, Listed Issuer Services, Ontario and NEX, TSX Venture Exchange |
| Julia Dublin |
Partner, Aylesworth LLP |
| Tom Forestell |
Partner, Grant Thornton LLP |
| Eric Lowy |
General Counsel and Corporate Secretary, Syndesis Limited |
| Neill May |
Partner, Goodmans LLP |
| Michèle D. McCarthy |
Lawyer, McCarthy Law |
| Stephanie A. McManus |
Lawyer, Compliance Support Services |
| Kelly E. Miller |
National Risk Partner, National Risk Management, BDO Dunwoody LLP |
| Naomi Morisawa De Koven |
Business & Securities Lawyer, Morisawa De Koven Professional Corporation |
| Morley W. Salmon |
Chairman of the Board, Limited Market Dealers Association of Canada |
| Pierre Soulard |
Partner, Ogilvy Renault LLP |
| Malvin Spooner |
President & CEO, Mavrix Fund Management Inc. |
| Jennifer A. Wainwright |
Partner, Aird & Berlis LLP |
| Doug Waterson |
CFO & Portfolio Manager, Faircourt Asset Management Inc. |
National Instrument 45-106 Prospectus and Registration Exemptions affects reporting issuers, including certain small businesses, in Canada. The Ontario Securities Commission has prepared a web-based presentation summarizing many of the requirements. To access the webcast, please click here.
| OSC
staff contact: |
Erez Blumberger
Assistant Manager, Corporate Finance Branch
Ontario Securities Commission
Tel: 416-593-3662
Fax: 416-593-8244
Email: eblumberger@osc.gov.on.ca
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The Registration Advisory Committee |
The Ontario Securities Commission has formed an industry consultation group to discuss and recommend solutions to registration related issues. The group consists of both regulators and market participants. The market participants represent large and small firms, from investment dealers, mutual fund dealers, scholarship plan dealers, and investment counsel and portfolio managers. This committee encourages an open dialogue between registrants and regulators in Ontario. The committee is also joined by regulators from the Canadian Securities Administrators (CSA) on a quarterly basis in order to resolve those issues that involve other jurisdictions.
The mandate of the committee is as follows:
This committee will serve as a forum to identify, discuss and make recommendations to resolve registration and related issues found by market participants and regulators in Ontario and to raise these issues with the CSA.
The Chairperson of the committee is Lynn Dickinson of the BMO Nesbitt Burns Inc. If you have items that you wish to be brought forward to the group for discussion, you may send it to one of the representatives listed below.
| Magie Bungaroo, Scotia Capital |
Magie_Bungaroo@scotiacapital.com |
Betty Davis, BMO |
Betty.Davis@bmo.com |
Lynn Dickinson, BMO Nesbitt Burns Inc. |
lynn.dickinson@bmonb.com |
Dina Dizon, Ontario Securities Commission |
ddizon@osc.gov.on.ca |
Wendyanne D'Silva, Investment Dealers Association |
wdsilva@ida.ca |
Karen Eby, CDS Inc. |
keby@cds.ca |
David Gilkes, Ontario Securities Commission |
dgilkes@osc.gov.on.ca |
Jennelyn Jugueta, GMP Securities L.P. |
jennelynj@gmpsecurities.com |
Donna Leitch, Ontario Securities Commission |
dleitch@osc.gov.on.ca |
Sherry MacDonald, C.S.T. Consultants Inc. |
smacdonald@cst.org |
Natalie Marshall, Royal Bank of Canada |
natalie.marshall@rbc.com |
Amanda Moore, Royal Bank of Canada |
amanda.moore@rbccm.com |
| Cindy Morrison, Manulife Securities Investment Services Inc. |
cindy.morrison@manulifesecurities.ca |
Gordon Pansegrau, Manulife Financial |
gordon_pansegrau@manulife.com |
Carol Persaud, CIBC Wealth Management |
carol.persaud@cibc.com |
Karamjit Gill, TD Bank Financial Group |
karamjit.gill@td.com |
Mark Riden, Investment Counsel Association of Canada |
bmriden@sympatico.ca |
Glenn Risch,CDS Inc. |
grisch@cds.ca |
Brigitte Roby, National Bank |
Brigitte. Roby@bnc.ca |
| Morley Salmon, CANUSA Capital Corp |
msalmon@CANUSAcapitalcorp.com |
Helen Walsh, Ontario Securities Commission |
hwalsh@osc.gov.on.ca |
Ken Woodard, Mutual Fund Dealers Association |
kwoodard@mfda.ca |
The following is a list of the representatives from the CSA:
Doug Brown, Manitoba Securities Commission |
doubrown@gov.mb.ca |
Mark Gallant, Prince Edward Island Securities Registry |
mlgallant@gov.pe.ca |
David McKellar, Alberta Securities Commission |
david.mckellar@seccom.ab.ca |
Dean Murrison, Saskatchewan Financial Services Commission |
dmurrison@sfsc.gov.sk.ca |
Luc LeBlanc, New Brunswick Securities |
Luc.LeBlanc2@gnb.ca |
Steve Plummer, British Columbia Securities Commission |
SPlummer@bcsc.bc.ca |
Claude Prevost, Autorité des marchés financiers |
claude.prevost@lautorite.qc.ca |
Brian Murphy, Nova Scotia Securities Commission |
MURPHYBW@gov.ns.ca |
Isilda Tavares, Manitoba Securities Commission |
itavares@gov.mb.ca |
OSC staff contact: |
Donna Leitch
Assistant Manager, Registrant Regulation
Ontario Securities Commission
Tel: 416-593-8263
Fax: 416-593-8283
Email: dleitch@osc.gov.on.ca |
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