Tom Hockin, President & CEO of The Investment Funds Institute of Canada, will deliver his speech tomorrow morning at IFIC’s 16th Annual Conference.

In praising the new Financial Services Counsel of Canada for its initiative in starting the new nation-wide Ombudservice for financial customers, Hockin will suggest in his speech that it should now look at tackling other issues such as cleaning up the “mish mash” of conflicting privacy legislation across Canada and examine the possibility of a national securities commission.

He will call for the Financial Services Council of Canada to show leadership on a ground-level effort instead of a top-down effort to help build a national securities commission based on the “skill-sets” of each region in Canada rather than denying them. He will sketch this approach further in his remarks noting that some fund managers today must report to, “85 market conduct and prudential regulators. We must have fewer and do better.”