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The EMDA is appointed to the Ontario Securities Commission Registrant Advisory Committee

December-13-12  
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The EMDA is appointed to the Ontario Securities Commission
Registrant Advisory Committee

December 13, 2012, Toronto - The Exempt Market Dealers Association of Canada (EMDA) has been appointed to the Ontario Securities Commission (OSC) Registrant Advisory Committee (RAC), which will serve as a forum to discuss issues and challenges faced by registrants in interpreting and complying with securities law, including registration and compliance related matters. EMDA Executive Director Geoffrey Ritchie will serve on the OSC committee for a two-year term.

This appointment demonstrates the EMDA’s ability to influence change and its leading role as the national voice of the exempt market.

"We look forward to this opportunity to continue to engage senior regulators on key issues for exempt market dealers and the exempt market in Ontario and across Canada. The OSC should be commended for the initiative to engage the industry and invite more direct feedback on the development of policy and rule making initiatives in Canada’s largest securities market. With key prospectus exemption issues now on the table, and this important new forum to address compliance and registration issues, we feel very positive about the engagement of regulators and their increasing acknowledgement of the importance of a healthy and vibrant exempt capital market in Ontario and across Canada," remarks Geoff Ritchie, EMDA Executive Director.

For more information about the OSC recent announcement please visit this link.

The EMDA’s appointment to the RAC complements the September 2012 announcement that Brian Koscak, EMDA Chairman was appointed to the OSC’s ad hoc Exempt Market Advisory Committee (EMAC). The EMDA continues to engage senior OSC regulators on why Ontario should enhance its prospectus exemptions and bringing insight into the legal and regulatory issues that create challenges in raising capital to support business growth while ensuring sufficient investor protections.

For more information on the EMDA and the EMAC committee please visit this page.

About the Exempt Market Dealers Association of Canada
The Exempt Market Dealers Association of Canada (EMDA) is a not-for-profit industry association that brings together exempt market dealers, exempt market product issuers, and professional advisers to the exempt market. Since 2002, the EMDA has been a national industry voice for the exempt market to securities regulators, government agencies and the capital markets and provides valuable services and benefits to its members, including: exclusive customized insurance programs for exempt market dealers, regulatory and compliance guidance, opportunities for professional development and continuing education, and access to a network of exempt market professionals from coast to coast. For more information please visit our website: www.emdacanada.com.


If you have any questions, please contact:
Geoffrey Ritchie
EMDA Executive Director
416.509.9179
gritchie@emdacanada.com



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