TORONTO, June 11, 2012 /CNW/ - The Ontario Securities Commission (OSC) is seeking applicants for membership on its new ad hoc Exempt Market Advisory Committee (EMAC).
On June 7, 2012, the OSC announced that it is broadening the scope of its exempt market review to consider whether new capital raising prospectus exemptions for business enterprises should be introduced in Ontario.
As part of the next phase of its review, OSC staff will:
- publish a second consultation note,
- seek further feedback from investors, issuers, registrants and professional advisors, and
- consider the experience of other CSA and international jurisdictions.
The EMAC will inform staff on possible regulatory approaches to the capital raising segment of the exempt market and, in particular, advise on potential new capital raising prospectus exemptions for business enterprises that could be introduced.
The EMAC will be established for a term of one year and will meet approximately four to six times over the course of that year. It will consist of 10 to 15 members with a variety of different perspectives. Members will be selected for their knowledge of, or experience in, the capital raising segment of the exempt market. The EMAC will be chaired by Jo-Anne Matear, Manager, Corporate Finance Branch.
Interested parties should submit their application, indicating their relevant experience, by June 27, 2012.
Applications and questions regarding EMAC may be forwarded in writing to:
Manager, Corporate Finance Branch
Ontario Securities Commission