Canadian Securities Regulator Seeks Blockchain Experts For FinTech Advisory Committeebr>
The Ontario Securities Commission (OSC), a regulatory agency which enforces securities legislation in the Canadian province, is seeking applications for membership on its FinTech Advisory Committee (FAC).
The FAC advises OSC LaunchPad staff on developments and trends in the FinTech space, as well as the unique challenges encountered by innovative businesses in the securities industry. OSC LaunchPad engages with blockchain and FinTech businesses, assists them in navigating the requirements and strives to keep regulation in step with digital innovation. 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.
According to OSC, the FAC, chaired by OSC LaunchPad Deputy Director Pat Chaukos, will select members based on their experience in areas such as digital platforms (crowdfunding portals, crypto-asset trading platforms, online advisers, etc.); crypto-assets or distributed ledger technologies or blockchain; data science or artificial intelligence (AI); venture capital, financial services, securities, legal or accounting experience with a focus on the FinTech or technology sector; FinTech or technology entrepreneurship; compliance or RegTech solutions; or cryptography or cybersecurity.
“This committee plays a critical role in advising the OSC on meeting the novel demands of this rapidly growing space,” said Chaukos.
The FAC will consist of up to 15 members and will meet quarterly, with additional meetings as required. Membership terms will be for one year. Interested parties can send their resume indicating their relevant experience by January 4, 2019.
Last month, the OSC launched two cryptocurrency educational initiatives to help investors better understand crypto products and services as well as be on the alert for any potential red flags before making a purchase.