The federal government Thursday announced the appointment of the members of the Advisory Committee of Participating Provinces and Territories to the Canadian Securities Transition Office, which is leading efforts to establish a national securities regulator.

“The participation of provinces and territories is critical to ensure the new securities regulator meets the needs of Canadians and businesses in all regions of our country,” says Jim Flaherty, Minister of Finance..

“The provinces and territories have nominated well-qualified members to the Advisory Committee, which will assist the Transition Office as it shapes the Canadian Securities Act and develops plans for the structure and management of the new securities regulator.”

The members of the Advisory Committee are:

• Louis Arki – Superintendent of Securities for Nunavut;
• William E. Belliveau – New Brunswick, president of Bell Strategic Inc.
• Peter Brown – British Columbia, chairman and founder of Canaccord Capital;
• James Hinds – Ontario, chairman of Ontario’s Independent Electricity System Operator;
• Paul Jelley – Prince Edward Island;
• Dale Linn – Saskatchewan, partner, McDougall Gauley LLP,;
• Gary MacDougall – Superintendent of Securities for the Northwest Territories;
• Winston Morris – Newfoundland and Labrador, Assistant Deputy Minister of Consumer and Commercial Affairs;
• Frederik Pretorius – Yukon, Director of Corporate Affairs; and
• Dawn Russell – Nova Scotia, Associate Professor at Dalhousie University.

The advisory committee will provide advice to the Transition Office on the transition to a Canadian securities regulator. It’s goal is to help ensure that each of the participating governments’ interests are represented in the work of establishing a Canadian securities regulator. As part of its work plan, the Transition Office is consulting with provinces and territories, securities experts and legal advisors.

“I am encouraged and excited by the widespread participation of the provinces and territories,” says Flaherty. “I look forward to working with everyone to ensure the new securities regulator will give Canada the best possible regime for financial regulation.”

“This is a necessary step in the evolution of Canada’s economy. It will create a more efficient, streamlined securities regulatory system that reinforces financial stability, strengthens enforcement, protects investors and is more accountable.”

The new appointees will advise the Transition Office announced in June by Flaherty.

IE