The IIAC Urges the Expert Panel to Define a Transition Path for Regulatory Reform in Canadian Markets



    TORONTO, July 28 /CNW/ - The Investment Industry Association of Canada
(IIAC) believes the Expert Panel on Securities Regulation (the "Panel") can
make a positive contribution to more efficient securities regulation in
Canadian markets by charting a clear transition path to achieve a common
securities regulator and more principles-based regulation.
    In its submission, the IIAC encourages the Panel to build on the analysis
and recommendations of previous reform efforts and bring forward
recommendations to make a common securities regulator a reality. The IIAC
submission makes clear that regulatory reform can make a significant
contribution to market efficiency that will in turn improve the productivity
and competitiveness of Canadian business. Ian Russell, President and CEO, IIAC
said, "The legacy of the Expert Panel will be its success in identifying
needed structural and content reform for securities regulation and defining a
process that achieves these results."
    To review IIAC's submission to the Expert Panel on Securities Regulation,
visit www.iiac.ca.

    The Investment Industry Association of Canada (IIAC) advances the
position of the Canadian investment industry on regulatory and public policy
issues. As the professional association for the industry, IIAC has a mandate
to promote efficient, fair and competitive capital markets for Canada while
helping its member firms across the country succeed in the industry.





For further information:

For further information: Katie O'Dell, Public Affairs Consultant, Tel.
(416) 687-5478, Cell (416) 312-7275, kodell@iiac.ca

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Investment Industry Association of Canada (IIAC)

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