OSC Seeks Applications for Fintech Advisory Committee

TORONTO, Nov. 1, 2016 /CNW/ - The Ontario Securities Commission (OSC) is seeking applications for membership on its newly established Fintech Advisory Committee (FAC).

The FAC will advise staff of OSC LaunchPad on developments in the fintech space and the unique challenges faced by start-ups in the securities industry.  OSC LaunchPad (www.osclaunchpad.ca) is the first dedicated team by a securities regulator in Canada to provide direct support to eligible fintech businesses in navigating the regulatory requirements.  OSC LaunchPad strives to keep regulation in step with digital innovation. 

The FAC will meet quarterly, with additional ad hoc meetings as required.  The FAC will be chaired by Pat Chaukos, Chief of OSC LaunchPad, and will consist of up to 10 members.  Members will be selected based on whether they have direct business experience in one or more of the following:

• Digital platforms (e.g. crowdfunding portals, online advisers);
• Cryptocurrency or distributed ledger technology (e.g. blockchain);
• Venture capital, financial services and/or securities, with a focus on the fintech or technology sector;
• Data science and/or AI (artificial intelligence); or
• Fintech or technology entrepreneurship.

Interested parties should submit their résumé indicating their relevant experience by November 30, 2016.

Applications and questions regarding the FAC can be addressed to:

Amy Tsai
Fintech Regulatory Advisor, OSC LaunchPad
Ontario Securities Commission
[e-mail]

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

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SOURCE Ontario Securities Commission

For further information: For Media Inquiries: [e-mail]; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free)