Asset managers and dealers just got a new voice inside the regulator
The Ontario Securities Commission has named the inaugural members of a new committee that will help shape its regulatory priorities.
In a release dated September 8, 2026, the regulator said it has established the Capital Markets Advisory Committee, or CMAC, a senior-level advisory forum created on a pilot basis to provide strategic insight on developments, challenges and opportunities affecting Ontario's capital markets.
Membership draws from across the province's capital markets, including asset management, private equity, investment banking, public issuers, market infrastructure, legal and regulatory affairs, and what the OSC called emerging areas of innovation. Asset management is among the represented sectors, putting fund managers at the table in a forum meant to inform the regulator's thinking, though the OSC did not name which firms or individuals were selected.
CMAC will be co-chaired by Susan Greenglass, the OSC's Executive Vice President of Regulatory Operations, and Naizam Kanji, Executive Vice President of Strategic Regulation.
Greenglass called the committee an important forum for dialogue with experienced market participants and industry leaders, saying their perspectives would help inform the OSC's regulatory approach as the province's capital markets evolve and respond to emerging risks, opportunities and investor needs.
Kanji said Ontario's capital markets are operating in an increasingly dynamic and competitive global environment, and that CMAC members' expertise would help the OSC identify long-term trends, support innovation and keep Ontario a leading destination for investment and capital formation.
The OSC said the inaugural members were chosen through a competitive application process that drew strong interest from across Ontario's capital markets. A list of committee members is posted on the OSC's website, though it was not included in the regulator's release. Members will serve one-year terms during the pilot period, and the OSC thanked all applicants for their interest.
CMAC is advisory, not rule-making, and the release included no specific policy proposals, so the near-term impact on wealth managers and advisors is limited. But the committee is designed to feed directly into the OSC's regulatory thinking, and its asset management representation means its input could eventually touch issues affecting fund managers and dealers, though the regulator has not outlined a timeline or agenda for that work.
The OSC's mandate includes protecting investors from unfair, improper or fraudulent practices, fostering fair, efficient and competitive capital markets, supporting capital formation, and contributing to the stability of the financial system. The regulator also urged investors to check the registration of anyone offering an investment opportunity.
The full text of Ontario Securities Commission brings together capital markets leaders to advise on future priorities is available at https://www.osc.ca/en/news-events/news/ontario-securities-commission-brings-together-capital-markets-leaders-advise-future-priorities.
