Mandate of the Vice-Chairs
Vice-Chair is appointed by the Lieutenant Governor in Council for a term of office not exceeding five years. A Vice-Chair, in addition to serving as a full-time Member of the Commission, assists the Chair in carrying out his or her functions and duties. While this position does not involve direct supervision of Commission staff, it represents the most senior advisory role within the Commission.
The Vice-Chair’s powers, functions and duties as are set forth in the Act and the Regulation and the Commission By-Laws. The Vice-Chair is governed by the Commission’s Charter of Governance, Roles and Responsibilities in the conduct of his or her respective duties.
Summary of Key Responsibilities and Duties of the Vice-Chair
- serves as a member of the Board of Directors and Commission
- serves on adjudicative panels that conduct hearings and render decisions independently of the Commission as a whole
- acts as executive sponsor for the development of securities policy and rule-making initiatives
- acts as Chair should the office of Chair become vacant or if the Chair is absent or unable to act for any reason
- assists in providing direction and advice on the development, implementation and execution of securities regulations and policy, and provides leadership in identifying emerging issues in securities regulation
- represents the Commission at national and international regulatory bodies and organizations, and participates as required with the Canadian Securities Administrators on policy matters and other initiatives
- represents the Commission publicly, including addressing conferences, and assists as required with the communication of Commission policies, practices, and initiatives and on matters that affect or have the potential to affect the Ontario capital markets
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