CSA responds to report of task force to modernize securities legislation in Canada

CSA Securities

Montreal - In respect of the release of the Final Report of the Task Force to Modernize Securities Legislation in Canada, the Canadian Securities Administrators (CSA) are issuing the following statement from CSA Chair, Jean St. Gelais:

“We welcome the Report of the Task Force and view it as a constructive document that will add to the debate on securities regulation in Canada. We will review the Report carefully and consider its contents in light of this debate.”

The Task Force, which was chaired by securities law expert Tom Allen Q.C., was mandated by the Investment Dealers Association of Canada to make recommendations to modernize securities regulation in Canada and to enhance or maintain competitiveness in Canada’s capital markets. The Report is available at www.tfmsl.ca.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

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For more information:

CSA member name

Point of contact

Phone number

Autorité des marchés financiers

Frédéric Alberro

514 940-2176

Alberta Securities Commission

Tamera Van Brunt

403 297-2664

British Columbia Securities Commission

Andrew Poon

604 899-6880

Manitoba Securities Commission

Ainsley Cunningham

204 945-4733

Ontario Securities Commission

Laurie Gillett

416 595-8913