Expert Panel on Securities Regulation announces Legal Advisory Committee

    OTTAWA, Aug. 28 /CNW Telbec/ - The Honourable Thomas Hockin, P.C., Chair
of the Expert Panel on Securities Regulation in Canada, today announced the
appointment of a legal advisory committee to support the Panel's efforts.
    "The six-person committee, which is drawn from across the country and
represents a number of areas of legal expertise, has been created to provide
legal advice in connection with the preparation of a model common securities
act", said Mr Hockin.
    "We are very pleased to have the legal expertise and experience of such a
distinguished group of Canadians,' he said. "Their guidance will be invaluable
as we chart a new course for securities regulation in Canada.
    Specifically, the committee will provide expert legal advice with respect
to the model common securities act currently being developed by the Panel. The
Panel has a mandate to provide a final report to ministers -- federal,
provincial and territorial -- by the end of 2008.

    The members of the legal advisory committee are:

    - Philip Anisman, Barrister and Solicitor, Toronto.

    - Richard J. Balfour, Partner, Torys LLP Toronto.

    - Patrick Finnerty, Partner, Blakes Cassels and Graydon LLP, Calgary.

    - Mitchell Gropper, Partner, Farris, Vaughn, Wills and Murphy LLP,

    - Francis Legault, Partner, Ogilvy Renault LLP, Montreal.

    - Glorianne Stromberg, securities lawyer, Toronto.

    Biographical information on the members of the Legal Advisory Committee
is attached.
    The Expert Panel also intends to consult the Securities Law Committee,
National Business Law Section, of the Canadian Bar Association on the model
common securities act.

    Biographical Notes

    Committee members

    Dr. Philip Anisman, Barrister and Solicitor, Toronto.

    Philip Anisman, B.A., LL.B. (Toronto), LL.M., J.S.D. (U.C. Berkeley), is
one of Canada's leading securities lawyers and commentators. Before entering
law practice, he was a professor of law at Osgoode Hall Law School and the
Director of the Corporate Research Branch in the Department of Consumer and
Corporate Affairs (Canada). He was the principal author of Proposals for a
Securities Market Law for Canada (1979), which contained a draft Canada
Securities Market Act and an explanatory Commentary, has advised securities
commissions, stock exchanges and self-regulatory organizations in and outside
of Canada, has chaired Investment Dealers Association of Canada disciplinary
panels and has written extensively on takeovers and mergers, insider trading,
protection of minority shareholders, corporate governance, civil liability for
securities violations, securities law enforcement, the jurisdiction and
accountability of securities commissions, the rulemaking process, bifurcation
of the adjudicative and regulatory functions of securities commissions, and
corporate, constitutional and administrative law.

    Richard J. Balfour, Partner, Torys LLP, Toronto.

    Richard J. Balfour practises corporate and securities law. He has
substantial experience as lead counsel in mergers and acquisitions and
corporate finance for both public and private companies. Recent transactions
include representing The Thomson Corporation in 2007-08 in its acquisition of
Reuters Group PLC, which formed Thomson Reuters under Canada's first dual
listed company structure. His securities regulatory experience includes acting
in 1994 as lead counsel for the Daniels Task Force on Securities Regulation,
which recommended rule-making powers for the Ontario Securities Commission,
and the Ministry of Finance of Ontario on the legislation implementing that
recommendation, and the OSC in 1986-87 on the opening of the Canadian
securities industry. He is a graduate of Princeton, Oxford and Harvard
universities and a former Assistant Professor of Law at Osgoode Hall Law
School of York University.

    Patrick Finnerty, Partner, Blakes Cassels and Graydon LLP, Calgary.

    Mr. Finnerty's practice focuses on commercial and corporate transactions,
with an emphasis on public offerings, private placements, joint ventures, and
public company mergers and acquisitions (M&A). A graduate of the University of
Toronto Law School and with an MBA from the University of Chicago, he has been
a member of the Securities Advisory Committee to the Ontario Securities
Commission and the Alberta Securities Commission Oil & Gas Securities Task
Force, and is a founding member of the Legal Advisory Committee to the Alberta
Securities Commission.

    Mitchell H. Gropper, QC, Partner, Farris, Vaughn, Wills and Murphy LLP,

    Mr. Gropper is a senior corporate and securities partner with an emphasis
on corporate finance, reorganizations, M&A, and commercial real estate. He
joined Farris in 1998 after spending the majority of the previous 28 years
with the Vancouver office of McCarthy Tétrault LLP. Prior to joining that
firm, he spent three years as a professor in the Faculty of Law at the
University of Western Ontario in London, Ontario. Mr. Gropper is involved in
various professional and community organizations including the Securities Law
Advisory Committee of the British Columbia Securities Commission and the
Solicitors Committee on Legal Opinion in British Columbia, and the Jewish
Federation of Greater Vancouver. Mr. Gropper is a member and former chair of
the Vancouver Board of Trade Task Force on the Federal Budget. He has an LL.M.
from the London School of Economics and Political Science and a law degree
from the University of Saskatchewan.

    Francis Legault, Partner, Ogilvy Renault LLP, Montreal.

    Mr. Legault is a senior member of Ogilvy Renault's Business Law Group and
Chair of its Securities practice. He focuses on corporate finance, both
private placements and public financings, international financings, mergers
and acquisitions, privatizations and corporate governance. In the area of
corporate finance he has conducted numerous cross-border and international
financings for both issuers and underwriters. His extensive experience with
mergers and acquisitions involves many large transactions for major North
American enterprises. He also has expertise in public income fund vehicles and
their privatization. Mr. Legault is a member of the legal advisory committee
to the Autorité des marchés financiers (Québec). He has an LL.B. from
Université de Montréal.

    Glorianne Stromberg, securities lawyer, Toronto.

    Ms. Stromberg is a securities lawyer and author of three reports on
regulatory strategies relating to the provision of financial services and the
protection of investors. She is a former Commissioner of the Ontario
Securities Commission, serving from 1991 to 1998. Prior to her OSC appointment
she was a partner in the law firm of Cassels, Brock & Blackwell where her
practice was primarily in the field of corporate and securities law. She is a
frequent speaker and commentator on matters relating to the investment funds
industry, the financial services sector, and the protection of investors.

For further information:

For further information: George Bentley, Communications and
Consultations Manager, Expert Panel on Securities Regulation, (613) 947-8613

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