TORONTO, Jan. 20, 2014 /CNW/ - The Ontario Securities Commission (OSC) is inviting applications for membership on its Small and Medium Enterprises Committee (SMEC). The SMEC's current term has expired and OSC staff thank all outgoing members for their valuable contribution over the past year.
The purpose of the SMEC is to advise OSC staff on matters related to small and medium enterprises (SMEs), including the challenges they face in operating their businesses and raising capital. OSC staff recognize the contribution of SMEs, including both private companies and venture issuers, to economic growth and job creation in Ontario.
The SMEC members will be asked to provide input on regulatory approaches to the capital raising segment of the exempt market, including the impact on SMEs of possible new prospectus exemptions under consideration by the OSC. The SMEC will also discuss the development, implementation and communication of policies and practices to address issues affecting SMEs, in the pursuit of capital market efficiency, investor protection and economic growth.
The SMEC meets approximately five times a year, with members serving a one-year term. It will consist of 10 to 15 members with a variety of different perspectives. Members will be selected for their knowledge of, and experience related to, the particular challenges facing SMEs in the securities regulatory context. The SMEC is chaired by Jo-Anne Matear, Manager, Corporate Finance Branch.
Interested parties should submit their application, indicating their relevant experience by February 10, 2014.
Applications and questions regarding the SMEC should be forwarded in writing to:
Manager, Corporate Finance Branch
Ontario Securities Commission
SOURCE Ontario Securities Commission