The Wise Person’s Committee to Review the Structure of Securities Regulation in Canada today posted to its Web site copies of three research studies prepared by independent experts in the United States, the European Union and Australia. The studies were commissioned by the WPC to provide a rigorous comparative analysis of regulatory structures and reform efforts in each of these jurisdictions.
Other research initiatives conducted for the WPC are being finalized and will be published with the committee’s final report. The WPC said today it expects to deliver its report to the Minister of Finance in mid-December.
“Over the past nine months the committee has heard repeatedly that the world has changed and Canada must respond,” said WPC Chairman Michael Phelps. “Each of these studies has provided an important perspective to the committee’s deliberations.”
The mandate of the WPC is to undertake an independent objective review of the current securities regulatory framework and identify an appropriate model for securities regulation in Canada.
The committee members include: Michael Phelps, chairman, Vancouver; Harold MacKay, vice-chairman, Regina; Thomas Allen, Toronto; Pierre Brunet, Montreal; Wendy Dobson, Toronto; Edwin Harris, Halifax; and Michael Tims, Calgary.
The studies, as well as submissions received from nearly 100 market participants, are available at www.wise-averties.ca.
Wise Person’s Committee expects to deliver report in mid-December
Publishes papers on regulatory reform in US, EU and Australia
- By: IE Staff
- November 25, 2003 November 25, 2003
- 09:30