Chair and Chief Executive Officer Office of the Chair and Executive Officer
The Chair and Chief Executive Officer is responsible for representing the ASC, addressing emerging issues in securities regulation and leading the ASC to achieve its organizational objectives. The Chair has direct oversight responsibilities for the Communications & Investor Education Division and the offices of the Executive Director and the General Counsel. The Chair is appointed by the Lieutenant Governor in Council and reports to the Members and to the Minister of Finance.
Executive Director Office of the Executive Director
The Executive Director reports to the Chair and Chief Executive Officer and is the ASC’s Chief Administrative Officer, and as such is responsible for ensuring that all business divisions of the ASC operate effectively and efficiently. The Executive Director is directly responsible for overseeing the divisions of Corporate Finance, Corporate Resources, Enforcement, Market Regulation, and the Office of the Chief Accountant and Financial Services. The Executive Director also participates in meetings of the ASC’s Human Resources and Audit committees and chairs the Senior Management and Strategic Planning committees. Pursuant to the Securities Act (Alberta), the Executive Director acts in an appellate function from decisions made by Market Regulation and Enforcement staff.
Cynthia J. Campbell
Director, Enforcement Enforcement
The Enforcement Division enforces Alberta securities laws by discovering, investigating, and prosecuting breaches of those laws with a view to both stopping current misconduct and preventing future misconduct. Through prompt, fair, and visible enforcement action locally, and through collaboration with the Commission’s compliance divisions and with securities law regulators and police forces, Canadian and foreign, the Enforcement Division seeks to foster investor confidence and promote the integrity of Alberta’s capital market, thereby protecting the investing public.
Chief Accountant and Chief Financial Officer Office of the Chief Accountant and Financial Services
The Chief Financial Officer and Chief Accountant (CFO) is the ASC’s senior financial officer and is responsible for effective internal control over financial reporting, annual budget preparation, administration of investment manager reporting and relations, coordination of risk management processes, and accurate and timely financial reporting to senior management, Commission Members and the Minister of Finance. The CFO also provides expert knowledge in the areas of accounting, auditing and financial reporting matters to ASC staff as well as guidance to reporting issuers and their advisors. This division is involved in policy initiatives that relate to these areas of expertise. This Office also provides training as needed to the professional accountants within the organization.
Director, Corporate Finance Corporate Finance
The Corporate Finance Division provides ongoing regulatory services by reviewing offering documents, monitoring continuous disclosure filings and making recommendations on applications for exemptive relief from securities legislation. Given the significance of the oil and gas industry, Corporate Finance places a considerable emphasis on reviewing the disclosure of oil and gas reserves information prepared for annual disclosures, prospectuses and other related documents. In addition to these day-to-day services, Corporate Finance is active in the formulation and development of appropriate rules, regulatory instruments and policies used in the regulation of the Alberta and Canadian capital markets.
General Counsel Office of the General Counsel
The Office of the General Counsel (OGC) provides specialized legal advisory services to the Commission Members, the Chair, the Executive Director and staff on a broad range of operational, transactional and policy projects. The OGC provides research and analysis and advice on emerging issues, as well as guidance to market participants on the interpretation of securities laws and policies. The OGC is also responsible for the corporate secretarial and legislative functions at the ASC.
Director, Corporate Resources Corporate Resources
The Corporate Resources Division provides business, technical and human resource services to enable staff to fulfill the ASC’s mandate. It provides services in the areas of: information technology; human resources and corporate services, including purchasing, security and business continuity; health and safety; facility management; and information and records management. Corporate Resources supports the needs of employees and management through the initiation, development, delivery and implementation of high quality strategies, programs and policies that are aligned to organizational objectives.
Director, Communications and Investor Education Communications and Investor Education
The Communications and Investor Education Division provides strategic communications counsel and support to all areas of the ASC to engage and educate internal and external stakeholders in a manner that meets the ASC’s organizational objectives. Through the efforts of media relations, investor education, corporate communications, public information and internal communications, the team promotes consistent, relevant and timely communication to support efficient and effective securities regulation in Alberta and throughout Canada.
Director, Market Regulation Market Regulation
Market Regulation provides securities regulation to the Alberta capital market by developing and administering rules and policies relating to registrants (dealers, advisors, and investment fund managers), equities and derivatives exchanges, and self-regulatory organizations (SROs), including the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada. Staff register market participants that are in the business of trading and advising in securities and managing investment funds, perform compliance examinations of registrants and review exemption applications. Staff conduct oversight of SROs, the TS X Venture Exchange and energy exchanges conducting business in Alberta such as the Natural Gas Exchange Inc. (NGX).