OSC announces FinTech Advisory Committee including Portag3’s Adam Felesky, Impression Ventures’ Christian Lassonde

ontario securities commission

The Ontario Securities Commission (OSC) announced the members of its new FinTech Advisory Committee (FAC). The committee, which includes executives with experience in FinTech innovation, will advise OSC staff on developments in Canadian FinTech and the challenges that FinTech companies are facing when it comes to securities requirements.

In recent months, the OSC has taken several steps to ensure that FinTech startups can operate successfully in the province. In October 2016, the OSC’s partnership with AngelList gave eligible investors the opportunity to invest in Canadian entrepreneurs trying to raise capital through an AngelList Syndicate. That same month, the OSC announced the launch of OSC LaunchPad to provide direct support to eligible FinTechs in navigating regulatory requirements.

The OSC also gave approval to Toronto-based Lending Loop to begin accepting loan requests on its peer-to-peer lending platform.

“We had an overwhelming interest in the FAC. These individuals have direct business experience with FinTech innovation and in-depth knowledge of the issues faced by firms navigating securities law requirements,” said Pat Chaukos, the chief of OSC LaunchPad. “Their insight will help us as we apply key learnings from OSC LaunchPad more broadly to modernize regulation.”

The committee, which will be chaired by Pat Chaukos, the chief of OSC LaunchPad, will meet quarterly and its member will serve one-year terms to advise on FinTech development. The committee members are:

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.