A new model for a single securities regulator will be presented next week by the Crawford Panel on a Single Canadian Securities Regulator.

A discussion paper on the topic will be presented at a news conference on Thursday. The panel was established in by Gerry Phillips, the Ontario minister responsible for securities regulation, in response to an all-party report last year that recommended a number of reforms.

The panel was charged with recommending a model for a common securities regulator, a common body of securities law and a single fee structure.

In the meantime, however, all of the other provinces have created a new model for securities regulation that sees the provinces retain their jurisdiction, while offering a single access point to market players. They are also seeking more harmonized rules. Ontario is not participating in this initiative.

The Crawford panel members are Brian Canfield, chairman, Telus Corp.; Claude Lamoureux, president and CEO, Ontario Teachers’ Pension Plan Board; John MacNaughton, corporate director and former president and CEO, Canada Pension Plan Investment Board; Jacques Ménard, chair, BMO Nesbitt Burns, and president, BMO Financial Group, Quebec; Gwyn Morgan, president and CEO, EnCana Corp.; Dawn Russell, professor and former dean, Faculty of Law, Dalhousie University; and Purdy Crawford, counsel, Osler, Hoskin & Harcourt LLP.