20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
|Commission des valeurs mobilières de l'Ontario
||FOR IMMEDIATE RELEASE
June 2, 2011
OSC Requests Members for New Investment Fund Products Advisory Committee
TORONTO – The Ontario Securities Commission (OSC) is seeking applicants for membership on its new Investment Fund Products Advisory Committee (IFPAC).
The IFPAC will advise OSC staff specifically on emerging product developments and innovations occurring in the investment fund industry. The committee will discuss the impact of these developments and emerging issues. The IFPAC may also act as one source of feedback to OSC staff on the development of policy and rule-making initiatives to promote investor protection, fairness and market efficiency across all types of publicly offered investment fund products.
In an environment of rapid product growth and increasing complexity of investment fund products, OSC staff recognize the unique perspective market participants, particularly product manufacturers and portfolio advisors, may have in identifying and anticipating market and product trends.
The IFPAC will consist of approximately 8 to12 members who will meet four times annually. Members will be selected on the basis of their involvement in the investment fund industry, their knowledge of product development and their strong interest in related policy considerations. The IFPAC will be chaired initially by Rhonda Goldberg, Director, Investment Funds Branch.
Representatives with industry experience in the fund or portfolio management business and other interested persons are invited to apply in writing for membership on the IFPAC. Preference will be given to members with experience in product development from a variety of investment fund product types. Interested parties should submit their application indicating their areas of practice and relevant experience by June 30, 2011.
Applications and questions regarding IFPAC may be forwarded in writing to:
Senior Legal Counsel, Investment Funds Branch
Ontario Securities Commission
|For Media Inquiries:||Wendy Dey
Director, Communications & Public Affairs
Manager, Public Affairs
Media Relations Specialist
|For Investor Inquiries:||OSC Contact Centre
1-877-785-1555 (Toll Free)