OSC seeks members for advisory committee on seniors’ issues

The Ontario Securities Commission (OSC) is seeking new members for its advisory committee on seniors’ issues.

The regulator’s Seniors Expert Advisory Committee (SEAC) provides the OSC with input on policy issues, outreach and investor education efforts that impact seniors.

For instance, the Canadian Securities Administrators are currently consulting on rule proposals that aim to better protect senior investors by making it easier for firms to intervene in cases of suspected abuse by placing temporary holds on clients’ accounts, and establishing a “trusted contact person” for clients to help guard against possible financial exploitation.

The comment period on those proposals closes July 20.

The SEAC typically includes seniors advocates, medical professionals, academics, lawyers and others with expertise in the area. The group is chaired by Tyler Fleming, director of the OSC’s Investor Office.

Applications to serve on the committee, which runs for one year, are due Sept. 11.

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