Expert Panel on Securities Regulation
Creating an Advantage in Global Capital Markets
Expert Panel on Securities Regulation
Final Report and Recommendations
January 12, 2009
We are pleased to present the final report of the Expert Panel on Securities Regulation. The broad conclusions and recommendations presented in the report are supported by all members of the Panel. The report is accompanied by a draft Securities Act, including a commentary.
Table of Contents
- Letter to the Minister
- Mandate
- Chair’s Foreword
- Introduction
- Objectives, Outcomes, and Performance Measurement in Securities Regulation
- Advancing Proportionate, More Principles-Based Securities Regulation
- Independent Adjudicative Tribunal
- Better Serving Investors
- Recommended Regulatory Structure for Canada
- Opportunities to Further Strengthen Securities Enforcement
- Improving the Regulation of Derivatives in Canada
- Transition Path
- Appendix 1: Members of the Expert Panel on Securities Regulation
- Appendix 2: Members of the Legal Advisory Committee
- Appendix 3: Research Commissioned by the Expert Panel on Securities Regulation
- Appendix 4: Schematic of Canada’s Securities Regulatory System
- Appendix 5: The Regulation of Derivatives in Canada
- Appendix 6: Consumer Complaint and Redress Mechanisms in Canada
- Appendix 7: Transition Issues: Memorandum of Understanding
- Appendix 8: Transition Provisions: Explanatory Note for the Market Participant Opt-In
- Appendix 9: List of Recommendations