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
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
Manager, Corporate Finance Branch
Ontario Securities Commission
SOURCE Ontario Securities Commission
For further information:
For Media Inquiries:
Manager, Public Affairs
Media Relations Specialist
Follow us on Twitter: OSC_News
For Investor Inquiries:
OSC Contact Centre
1-877-785-1555 (Toll Free)