March 30, 2009 CSA Securities

Montréal – The Canadian Securities Administrators (CSA) have renewed the term of Jean St-Gelais as Chair of the CSA for one year. Mr. St-Gelais, President and CEO of the Autorité des marchés financiers (AMF), has served as CSA Chair since April 2005.

"In the current economic environment, the CSA play a leading role in promoting fair and efficient capital markets for the benefit of all Canadians," said Mr. St-Gelais. "I look forward to continued cooperation with my colleagues from other jurisdictions in our efforts to harmonize and improve the regulation of Canada’s capital markets and to effectively enforce securities legislation."

The term of CSA Vice-Chair Don Murray, Chair of the Manitoba Securities Commission, was also renewed for one year. "We will continue to focus on our fundamental objectives, which are to provide protection to investors and ensure confidence in Canada’s capital markets," said Mr. Murray. "We will remain attentive to current market conditions and public concerns," Mr. Murray added.

CSA members voted to extend the terms of the Chair and Vice-Chair during meetings held in Toronto on March 26 and 27, 2009. The members also renewed the term of David Wilson, Chair of the Ontario Securities Commission, as Chair of the Policy Coordination Committee for one year until March 31, 2010.

The CSA, the council of securities regulators of Canada's provinces and territories, coordinate and harmonize regulation for the Canadian capital markets.

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