OSC seeks applications for investor advisory panel

The Ontario Securities Commission (OSC) is inviting applications for membership on its investor advisory panel (IAP).

The IAP provides investor perspective on the OSC’s policy and rule-making initiatives. It considers the views of a broad range of investors through consultation with investors and organizations representing investors, says a release.

Panel members are appointed for terms of up to two years and are compensated for their time and effort in meeting the panel’s mandate.

For example, panel members receive $275 per meeting up to a maximum of 12 annual meetings. They receive another $275 per day for meeting preparation or post-meeting work, up to a maximum of three days per meeting. Travel expenses are covered to an estimated maximum of $30,000 per year.

A selection committee consisting of two commissioners and a vice-chair will interview short-listed candidates, says the release. The OSC’s chair will appoint panel members based on the committee’s recommendations.

Applications must be received by Oct. 26.

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