TORONTO, July 15, 2013 /CNW/ - The Canadian Securities Administrators
(CSA) announced today the discussion topics and list of panellists for its panel session on July 23, 2013, which will further explore and
discuss the issues identified in CSA Consultation Paper 33-403 - The Standard of Conduct for Advisers and
Dealers: Exploring the Appropriateness of Introducing a Statutory Best
Interest Duty When Advice is Provided to Retail Clients. This session will explore the key topics that emerged from the comment
letters received in response to the Consultation Paper, as well as the
previous CSA roundtables held on June 18 and June 25, and will further
the discussion on the issue.
The panel session will take place from 10:00 a.m. to 12:00 noon on the
22nd floor of the OSC's offices, located at 20 Queen Street West,
Toronto, Ontario. The session will be moderated by James E.A. Turner,
Vice-Chair of the OSC.
The panel session will feature four panellists representing stakeholders
from the academic, investor, industry, and legal communities:
Professor & Academic Director, Centre for the
Legal Profession and Program on Ethics
in Law and Business, University of Toronto
Member of the OSC Investor Advisory Panel;
retired Vice-President of Public Affairs, IIROC
Senior Vice-President and Regional Manager -
Ontario Main - TD Wealth Private Investment Advice
Partner - Litigation, Torys LLP
The panel discussion will focus on the following two topics:
Should dealers (and their representatives) be subject to a best interest
standard when providing advice to retail clients? What would the
consequences be of introducing such a standard?
What other policy options could securities regulators consider in
addition, or as alternatives, to a statutory best interest standard?
For each topic, panellists will each have an opportunity to provide
remarks, which will then be followed by an open discussion among the
panellists, the moderator and the audience.
Any interested parties wishing to attend the roundtable are asked to
send an email with full contact details to firstname.lastname@example.org by July 18, 2013. Space at the event is limited and it is anticipated
that a transcript will be posted to the OSC website following the panel
The CSA, the council of the securities regulators of Canada's provinces
and territories, co-ordinates and harmonizes regulation for the
Canadian capital markets.
SOURCE: Canadian Securities Administrators
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