Montréal - The Autorité des marchés financiers ("AMF") is seeking candidates to be part of two advisory committees: the Derivatives Advisory Committee (DAC) and the Mining Advisory Committee (MAC).
"The establishment of these committees further highlights the AMF's ongoing efforts to be open and accessible to participants of the financial ecosystem," noted Louis Morisset, AMF President and CEO. "The goal of striking a balance between consumer protection and the orderly development of markets can more easily be achieved when based on constructive dialogue ahead of statutory and regulatory developments."
The committees will serve as forums for insight into relevant issues and collaboration between stakeholders and the AMF with respect to an efficient framework governing the derivatives (exchange-traded and over-the-counter) and mining sectors.
The DAC will be mandated specifically to analyze and discuss statutory and regulatory proposals pertaining to derivatives as well as to provide information and recommendations for the purpose of improving the development and implementation of the regulatory framework.
As for the MAC, its mandate will be to foster exchanges with mining sector participants to gain a better understanding of their concerns. Discussions will focus in particular on issues related to financing and continuous disclosures, in addition to Regulation 43-101 respecting Standards of Disclosure for Mineral Projects.
The committees will be composed of AMF representatives and five to ten outside members from various fields and professions related to the sectors concerned. Outside members will be selected by the AMF and must have extensive experience in their respective fields, a solid understanding of related regulations, and expertise in various areas of their sectors.
Committee members will be appointed for an initial three-year term, which may be extended in accordance with conditions to be determined by the AMF. Committee meetings will be planned in co-operation with members and take place two to three times annually. Members will not be remunerated for their participation.
Persons interested in joining either committee may consult the call for candidates. The deadline for applications is June 10, 2016.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.
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