OSC seeks new small business committee members

The Ontario Securities Commission (OSC) is seeking applicants for membership on its Small Business Advisory Committee (SBAC).

OSC staff recognize the pivotal role played by small issuers in the capital markets and the critical importance of consulting with investors, industry participants and other stakeholders. Small issuers account for 40 per cent of Ontario’s reporting issuers, representing approximately $10.5 billion in market capitalization.

The SBAC will advise OSC staff on the emerging issues and unique challenges faced by small issuers. The committee will discuss the development, implementation and communication of policies and practices, in order to promote efficient capital markets and help investors receive the information they need to make informed investment decisions.

The SBAC is seeking approximately 12 members who will meet five times annually. Members will be selected for their extensive involvement with small issuers, their knowledge of continuous disclosure issues faced by such issuers and their strong interest in related policy matters. The SBAC will be chaired by OSC staff representative Lisa Enright, a Manager in the Corporate Finance Branch.

Representatives of reporting issuers, industry associations, advisors, investing organizations and any other interested persons are invited to apply in writing for membership on the SBAC. Interested parties should submit their application indicating their areas of practice and relevant experience by February 4, 2011.

Applications and questions regarding SBAC may be forwarded in writing to:

Lisa Enright Manager, Corporate Finance Ontario Securities Commission 416-593-3686 lenright@osc.gov.on.ca