Ontario Securities Commission Investor Advisory Panel

This new initiative by the OSC is something that is needed, however reaction has been mixed and many questions raised. As a result the Ontario Securities Commission will post new information April 6, 2010 which will include terms of reference.

Several years ago, the first stab by the OSC in the formation of an Investor Advisory Committee ended in failure. Although a consultant had been hired to prepare terms of reference, the OSC did not provide these to persons interested and as a result some likely candidates did not apply.

With the new OSC gambit, some investor advocates raised questions and the OSC wisely decided to re-assess the situation and instead of responding to individuals they would post information for all on their website in time to allow prospects to review the terms of reference before the deadline for application