Peter Waugh has recently been selected to become a member of the Ontario Securities Commission (OSC) Small and Medium Enterprises Committee (SMEC).
The purpose of the SMEC is to advise OSC staff on matters related to small and medium enterprises (SMEs), including the development of policies and practices to address issues affecting SMEs. SMEC members will also be asked to provide input on regulatory approaches to capital raising in the exempt market, including the development of the OSC’s enhanced compliance program and the impact of new prospectus exemptions on SMEs. OSC staff recognize the contribution of SMEs, including both private companies and venture issuers, to economic growth and job creation in Ontario.
The SMEC will meet approximately four times per year with members serving a one-year term. Peter joins this committee along with 12 other members from various organizations; Aird & Berlis LLP , Canadian Securities Exchange, Torkin Manes LLP, Dentons LLP, OSC, BDO Canada LLP, Osler, Hoskin & Harcourt LLP. These changes are effective immediately.