Advisory committees

The Executive and staff of the Ontario Securities Commission (OSC) operating branches are supported by various third-party advisory committees that have been established for one or more of the following purposes:

  • To provide a broad range of ideas and expertise as new policy initiatives are developed
  • To help the OSC understand how a specific, recently implemented policy is affecting capital market participants
  • To improve the OSC’s understanding of the concerns and issues faced by a stakeholder group on an ongoing basis.

OSC advisory committees include:

Capital Markets Tribunal advisory committee: 

CSA advisory committees include:

We welcome input from individuals with a variety of expertise and from a range of industry sectors. The OSC actively solicits applications from interested parties as positions become available.

As a rule, the OSC seeks applicants for its advisory committees in a news release approximately one to two months prior to selection.

OSC advisory committees

The Continuous Disclosure Advisory Committee (CDAC) advises OSC staff on the development, implementation, and review of continuous disclosure policies and practices.

Members of the Continuous Disclosure Advisory Committee (June 2021-June 2023)

  • Tracie Allan, Sun Life Financial
  • Michael Balter (Chair), Ontario Securities Commission
  • Josie Caldas, Royal Bank of Canada 
  • Valerie Douville, TMX Group Ltd.
  • Lucy Durocher, PricewaterhouseCoopers LLP
  • Wendi Locke, McCarthy Tétrault LLP
  • Vaughn MacLellan, DLA Piper (Canada) LLP
  • Catherine McCall, Canadian Coalition for Good Governance
  • Matthew Merkley, Blake, Cassels & Graydon LLP
  • Martha Moen, Broadridge Financial Solutions, Inc.
  • Sean Musselman, Ernst & Young LLP 
  • Philip Panet, Waratah Capital Advisors Ltd.
  • Anthony Scilipoti, Veritas Investment Research Corporation
  • Alyson Slater, Global Risk Institute in Financial Services 
  • Julia Suk, KPMG
  • Kevin Thomas, Shareholder Association for Research & Education
  • Robin Upshall, Davies Ward Phillips & Vineberg LLP

OSC contacts for the Continuous Disclosure Advisory Committee

Michael Balter, Manager, Corporate Finance
Phone: 416 593-3739
Email: [email protected]

Jonathan Blackwell, Senior Accountant, Corporate Finance
Phone: 416-593-8138
Email: [email protected]

The Investment Funds Technical Advisory Committee (IFTAC) advises OSC staff on technical compliance challenges in the investment funds product regulatory regime, and on opportunities for improving alignment between investor, industry and regulatory goals.

Members of the Investment Funds Technical Advisory Committee (2021-2023)

  • Shalomi Abraham, Invesco Canada Ltd.
  • Steve Banquier, TD Securities Inc.
  • Carlos Cardone, Investor Economics - ISS Market Intelligence
  • Mario Cianfarani, Vanguard Investments Canada Inc.
  • Aidan Coulter, Fundserv Inc.
  • Thomas Di Stefano, Fiera Capital Corporation
  • Brad Gerster, Franklin Templeton Investments Corp.
  • Alan Goldhar, Durham College
  • Matthew Graham, RBC Global Asset Management
  • Elsa Li, CI Global Asset Management
  • Robert Lemon, CIBC World Markets Inc.
  • David M. Morrison, Morrison Financial
  • Florence S. Narine, AGF Investments Inc.
  • Anne Ramsay, Ledn Inc.
  • Melissa Schofield (Chair), Ontario Securities Commission
  • Gillian Seidler, Mackenzie Financial Corporation
  • Michael Thom, CFA Societies Canada

OSC contacts for the Investment Funds Technical Advisory Committee

Melissa Schofield, Senior Legal Counsel, Investment Funds & Structured Products
Phone: 416-595-8777
Email: [email protected]

The Investor Advisory Panel (IAP) is an independent advisory panel to the OSC. The IAP makes submissions in response to public requests for comment by the Commission on proposed rules, policies, concept papers, and discussion drafts. 

The IAP also provides comments on the OSC’s proposed annual Statement of Priorities, brings forward policy issues for consideration, and advises on the effectiveness of the OSC’s investor protection initiatives.

Members of the Investor Advisory Panel

  • Daniel Brunet
  • Brigitte Catellier
  • Neil Gross, Chair
  • Supriya Kapoor
  • Ivy Lam
  • Cary List
  • James (Jim) Sinclair
  • Leslie Wood

Contact the Investor Advisory Panel

Email: [email protected]

The Market Structure Advisory Committee (MSAC) serves as a forum to discuss issues and policy and rule-making initiatives associated with market structure and marketplace operations in the Canadian and global capital markets.

Members of the Market Structure Advisory Committee (October 2021-October 2023)

  • Rizwan Awan, TMX Group
  • Mike Barclay, Morgan Stanley Canada
  • Stephen Bain, London Stock Exchange Group
  • Bryan Blake, MATCHNow
  • John Christofilos, AGF Investments
  • Richard Carleton, Canadian Securities Exchange
  • Robert Gouley, OMERS Capital Markets
  • Susan Greenglass (Chair), Ontario Securities Commission
  • David Hecht, TD Securities
  • Irina Issakova, TD Asset Management
  • Dan Kessous, Nasdaq Canada
  • Katya Malinova, McMaster University
  • Cindy Petlock, Tradelogiq
  • Kelly Reynolds, Hillsdale Investment Management
  • Alex Perel, Scotia Capital
  • Daniel Schlaepfer, Select Vantage Canada
  • Jeff Varey, RBC Capital Markets

OSC contacts for the Market Structure Advisory Committee

Michelle Alexander, Manager, Market Regulation
Phone: 416-593-8150
Email: [email protected]

Susan Greenglass, Director, Market Regulation
Phone: 416-593-8140
Email: [email protected]

Alex Petro, Trading Specialist
Phone: 416-263-3796
Email: [email protected]


The Registrant Advisory Committee (RAC) serves as a forum to discuss issues and challenges faced by registrants in interpreting and complying with Ontario securities law, including registration and compliance-related matters.

Members of the Registrant Advisory Committee (January 2021 – December 2022)

  • Brad Beuttenmiller, Franklin Templeton Investments Corp.
  • Kevin Brown, MD Financial Management Inc.
  • Julie Cordeiro, Burgundy Asset Management
  • Debra Foubert (Chair), Ontario Securiites Commission
  • Melissa Ghislanzoni, Portfolio Management Association of Canada
  • Christopher Kozub, Private Capital Markets Association of Canada 
  • Robyn Mendelson, Fidelity Investments Canada ULC
  • Liis Palmer, Cassels Investment Management Inc.
  • Paul Spagnolo, Sionna Investment Managers Inc.
  • Rob Wortzman, Wildeboer Dellelce LLP

OSC contacts for the Registrant Advisory Committee

Debra Foubert, Director, Compliance & Registrant Regulation
Phone: 416-593-8345
Email: [email protected]

Felicia Tedesco, Deputy Director, Compliance & Registrant Regulation
Phone: 416-593-8273
Email: [email protected]

Merzana Martinakis, Senior Accountant, Compliance & Registrant Regulation
Phone: 416-593-2398
Email: [email protected]

The Securities Advisory Committee (SAC) provides advice to the OSC on legislative and policy initiatives, and on capital market trends.

Members of the Securities Advisory Committee

Three-year terms, staggered; appointments made every January.

  • Chris Birkett, Toronto Stock Exchange
  • Margaret Chow, TD Bank Group
  • Kathryn J. Daniels, Canada Pension Plan Investment Board
  • Bradley Freelan, Fasken Martinea DuMoulin LLP
  • Jeff Hershenfield, Stikeman Elliott LLP
  • Desmond Lee, Osler, Hoskin & Harcourt LLP
  • Nancy Mehrad, Registrant Law Professional Corporation
  • Manoj Pundit, Borden Ladner Gervais LLP
  • Rima Ramchandani, Torys LLP
  • Heidi Reinhart, Norton Rose Fulbright LLP
  • Naizam Kanji (Chair), Ontario Securities Commission
  • Chris Sunstrum, Goodmans LLP
  • Ora Wexler, Dentons Canada LLP

OSC contacts for the Securities Advisory Committee

Oren Winer, Senior  Legal Counsel
Phone: 416-593-8250
Email: [email protected]

The Seniors Expert Advisory Committee (SEAC) serves as a forum to discuss issues and challenges faced by seniors.  The Committee provides OSC staff with expert opinions and input on securities-related policy, operational, educational and outreach activities that are designed to meet the needs of older investors. Learn more about the SEAC members.

Members of the Seniors Expert Advisory Committee (2021 -2022)    

  • Dr. Joe Bornstein
  • Arthur Fish
  • Tyler Fleming (Chair)
  • Harold Geller
  • Marta C. Hajek
  • Ken Kivenko
  • Jennifer Moir
  • Kavina Nagrani
  • Lindsay Rogan
  • Angela Salmon
  • Keith Sjogren
  • Laura Tamblyn Watts
  • Danielle Tetrault
  • James Turner
  • Alexis Wenzowski
  • Kimberly Whaley
  • Terri Williams

OSC contact for the Seniors Expert Advisory Committee

Tyler Fleming, Director, Investor Office
Phone: 416-593-8092
Email: [email protected]

The Small Business Advisory Committee (SBAC) advises the OSC staff on current business practices and emerging trends affecting small businesses in both the public and private markets. SBAC also provides feedback on the effectiveness of Corporate Finance policies and initiatives as they relate to small business. Members of the Small Business Advisory Committee

  • Tim P. Babcock, TSX Venture Exchange
  • Chad Bayne, Osler, Hoskin & Harcourt LLP
  • Melanie Cole, Aird & Berlis LLP
  • Siri C Genik, BRIDGE©
  • John A. Fabello, Tory's LLP
  • Siri C Genik, BRIDGE©
  • Peter Irwin, Retired (formerly Managing Director, CIBC World Markets)
  • Matthew Ivis, Amazon Web Services, Inc.
  • Liis Palmer, Cassels Investment Management Inc.
  • Lina Creta (Chair),  Ontario Securities Commission
  • Grant Redpath, PwC LLP
  • Kay Schonberger, TD Securities
  • Pierre Soulard, CoinSmart Financial Inc.
  • Rob Theriault, Listings & Regulations, CSE
  • Jonathan Tong, Miller Thomson LLP


Contact for the Small Business Advisory Committee

Jo-Anne Matear, Manager, Corporate Finance Branch
[email protected]
Stacy Cao, Accountant, Corporate Finance Branch
[email protected]

CSA advisory committees

The OSC also participates on advisory committees of the Canadian Securities Administrators (CSA).

The Financial Reporting Advisory Committee (FRAC) provides advice to the CSA's Chief Accountants Committee on relevant policy initiatives and various technical accounting and auditing issues, that relate to financial reporting requirements and guidance in securities legislation in Canada. The committee also serves as a forum to discuss financial reporting practices and trends in the Canadian and global capital markets.

Members of the Financial Reporting Advisory Committee

  • Carolyn Anthony, PwC LLP
  • Richard Cracknell, BDO LLP
  • Craig Cross, RSM Canada
  • Laney Doyle, EY Canada
  • Carla-Marie Hait, British Columbia Securities Commission
  • Deanne Kennedy, Deloitte LLP
  • Katharine Christopoulos, Canadian Accounting Standards Board
  • Cheryl McGillivray, Alberta Securities Commission
  • Cameron McInnis (Chair), Ontario Securities Commission
  • Brad Owen, KPMG LLP
  • Will Pullenayegum, MNP LLP
  • Rinna Sak, Grant Thornton LLP
  • Karen DeGiobbi, Auditing and Assurance Standards Board

Contact for the Financial Reporting Advisory Committee

Cameron McInnis, Chief Accountant, Office of the Chief Accountant
Phone: 416-593-3675
Email: [email protected]

The Mining Technical Advisory and Monitoring Committee (MTAMC) provides advice to the CSA on technical issues relating to disclosure requirements for the mining industry. The committee also serves as a forum for continuing communication between the CSA and the mining industry.

Members of the Mining Technical Advisory and Monitoring Committee (October 2020-October 2023)

  • Brian Abraham, Dentons Canada LLP
  • Luc Arsenault (TSX Observer), Toronto Stock Exchange
  • Sébastien Bernier, Yamana Gold Inc.
  • James Brown, Osler Hoskin & Harcourt LLP
  • Natalie Caciagli, BHP
  • Chris Collins (Co-Chair), British Columbia Securities Commission
  • Guy Desharnais, Osisko Gold Royalty Ltd.
  • Daniella Dimitrov, IAMGOLD Corporation
  • Jason Dunning, Adventus Mining Corporation
  • Greg Gosson, Wood PLC
  • Thomas Hasek (IIROC Observer), IIROC
  • Tania Ilevia, Micon International Ltd.
  • Garth Kirkham (CIM Observer), Kirkham Geosytems Ltd.
  • Darcy Krohman (CSE Observer), Canadian Securities Exchange
  • Stefan Lopatka (TSXV Observer), TSX Venture Exchange
  • Deb McCombe (CIM Observer), SLR Consulting Canada Ltd.
  • Ross Pritchard, Teck Resources Limited
  • Rolf Schmitt, ERM Consultants Canada Ltd.
  • Shervin Teymouri, Mineit Consulting Inc.
  • Craig Waldie (Co-Chair), Ontario Securities Commission

Contacts for the Mining Technical Advisory and Monitoring Committee 

Craig Waldie, Senior Geologist, Corporate Finance, Ontario Securities Commission
Phone: 416-593-8308
Email: [email protected]

Chris Collins, Chief Mining Advisor, Corporate Finance, British Columbia Securities Commission
Phone: 604-899-6616
Email: [email protected]