The Ontario Securities Commission’s (OSC) planned roundtable to examine possible reforms to the fee structure for mutual funds will focus on three major themes emerging from the initial responses to the regulators’ consultation paper on the subject.

The OSC Thursday announced its final agenda, discussion topics, and list of panelists for its roundtable.

The event, which is scheduled for June 7 at the OSC’s offices in Toronto, will discuss the issues identified in a discussion paper released last year by the Canadian Securities Administrators (CSA) on the subject of mutual fund fees and embedded compensation.

The meeting will feature three panels, each with representation from the investor perspective, the mutual fund industry, and other interested industry players.

Joanne De Laurentiis, president and CEO of the Investment Funds Institute of Canada (IFIC), will face off with Ermanno Pascutto, executive director of the Canadian Foundation for Advancement of Investor Rights (FAIR Canada), on a panel that looks at the role embedded compensation plays in access to advice for small retail investors. The panel also includes Peter Intraligi from Invesco Canada Ltd., and John De Goey of Burgeonvest Bick Securities Limited.

The second panel, which will look at the nature and scope of the services received for trailing commissions, will feature Ken Kivenko from the Small Investor Protection Association, who is also a member of the OSC’s Investor Advisory Panel (IAP), along with Doug Coulter from RBC Global Asset Management Inc., Atul Tiwari of Vanguard Investments Canada Inc., and Ed Skwarek from Advocis.

The final panel, which will look at the impact of current disclosure initiatives, and whether any further regulatory action beyond disclosure is necessary, will be tackled by Sian Burgess of Fidelity Investments Canada ULC, Robert Frances from PEAK Financial Group Inc., Afsar Shah of Sun Life Financial Investment Services (Canada) Inc., and an yet-to-be-named representative from the OSC’s IAP.

“This initial roundtable will explore topics that reflect the major themes emerging from the comment letters received in response to the discussion paper and will help inform next steps on these issues, including the direction of further possible consultation,” it says.