Ottawa panel to re-examine prospect of national securities regulator
Last Updated: Thursday, February 21, 2008 | 4:39 PM ET
CBC News
The federal government is making another attempt to kickstart the creation of a national securities regulator with the appointment Thursday of an expert panel.
The government appointed a seven-member panel, headed by former cabinet mininster Tom Hockin, to examine how a national regulator could be created to replace the provincial regulators currently in place.
The expert panel also includes:
- Ian Bruce, chief executive of Peters & Co. Ltd.
- Denis Desautels, former auditor general of Canada.
- Hal Kvisle, president of TransCanada Corp.
- Dawn Russell, a law professor at Dalhousie University.
- Terry Salman of Salman Partners Inc.
- Heather Zordel, a partner at Cassels Brock & Blackwell.
"I am asking the panel to develop a model common securities act to create a Canadian advantage in global capital markets," said Finance Minister Jim Flaherty in a statement.
The panel is due to report back to the federal, provincial and territorial governments by the end of this year.
A national securities regulator has been discussed for years, but jurisdictional squabbling has limited progress. Ontario has resisted efforts by other provinces to bring in a "passport" system.
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