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OSC seeks new members for investor advocacy group

Applications are due Aug. 19

One of Canada’s primary independent voices on behalf of retail investors, the Ontario Securities Commission’s (OSC) Investor Advisory Panel (IAP), is seeking new members.

The IAP provides the country’s largest, most important securities regulator with feedback on proposed policy from the perspective of retail investors.

Among other things, it has consistently advocated for a requirement for industry firms to put investors’ interests first, and to eliminate embedded fund fee structures.

“The IAP is an important voice for investors in the regulatory process, and new members will be selected to ensure that the panel continues to represent a broad range of relevant experience, skills, knowledge and perspectives,” the OSC said in a release.

IAP members are appointed for terms of up to two years, and they are compensated for their time.

Applications to serve on the committee are due Aug. 19.

A selection committee comprised of two OSC commissioners and one of its vice chairs will interview short-listed candidates. The chair of the OSC, Maureen Jensen, will appoint the panel’s members based on the selection committee’s recommendations.

Source: Investment Executive