April 23, 2007 CSA Securities

Montréal – At the latest meeting of the members of the Canadian Securities Administrators (CSA), held in Toronto on March 28 and 29, 2007, the term of CSA Chair Jean St-Gelais, President and CEO of the Autorité des marchés financiers (AMF), was renewed for two years. Mr. St-Gelais was appointed CSA Chair in April 2005.

“I am delighted to be able to assume this role for another two years and look forward to further co-operation with my colleagues from other jurisdictions to further harmonize and improve the regulation of capital markets,” said Mr. St-Gelais.

The term of CSA Vice-Chair Don Murray, Chair of the Manitoba Securities Commission, was also renewed for two years. “We will continue to apply the CSA’s strategic principles and pursue our efforts toward the implementation of a more harmonized and streamlined securities regime in Canada,” noted Mr. Murray.

The CSA, the council of securities regulators of Canada’s provinces and territories, coordinate and harmonize regulation for the Canadian capital markets. Their mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of this protection is educating investors about the risk, responsibilities and rewards of investing.

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