Dialogue with the OSC 2007
Dialogue with the OSC 2007: Responsive Regulation for Today’s Capital Markets
Dialogue with the OSC 2007 was held on Tuesday, November 27, 2007. Over 350 people attended the event, representing various sectors of the capital markets including brokerages, law firms, banks, investment dealers, as well as regulatory bodies from Canada, the United States and the United Kingdom. Attendees heard from prominent speakers on issues such as enforcement, disclosure, registration reform, financial reporting and the Passport model.
Presentation slides will be available soon. For a complete version of the event program, including speaker biographies and additional discussion details, please click here.
The following speeches are available:
Welcome and Keynote Address – Responding to the challenges of today’s capital markets
David Wilson, Chair, OSC
 Click here to listen (6.4 MB)
Click here to view the speech
Luncheon Speech - Strengthening the Gatekeepers: The importance of independence and accountability to the capital markets
Arthur Levitt, Former Chairman, U.S. Securities and Exchange Commission
Click here to listen (12.1 MB)
Click here to view the transcript of the speech in PDF
Plenary One – Comparing enforcement approaches: Does a border make a difference?
Vigorous enforcement is a top priority for securities regulators in Canada and in the U.S. Panelists will discuss the enforcement approaches and priorities of the OSC and the U.S. Securities and Exchange Commission and share perspectives on how regulatory co-operation contributes to fostering the integrity of capital markets.
Moderator: Larry Ritchie, Vice-Chair, OSC
Panelists:
Jeffrey Leon, Partner, Bennett Jones LLP
Linda Chatman Thomsen, Director, Division of Enforcement, U.S. Securities and Exchange Commission
Peter Unger, Partner, Howrey LLP
Michael Watson, Director, Enforcement Branch, OSC
Click here to listen (18.2 MB)
Plenary Two – The disclosure environment in today’s capital markets
Panelists will examine several disclosure issues related to topics such as M&A transactions, principal protected notes, continuous disclosure reviews and disclosure around the exempt market.
Moderator: Jim Turner, Vice-Chair, OSC
Panelists:
Deborah Alexander, Executive Vice-President and General Counsel, Scotiabank
Bill Braithwaite, Partner, Stikeman Elliott LLP
Naizam Kanji, Manager, Mergers and Acquisitions, Corporate Finance Branch, OSC
Margo Paul, Director, Corporate Finance Branch, OSC
Click here to listen (14.4 MB)
Breakout Sessions
- Registration reform: What it means for registrants
The Canadian Securities Administrators have proposed a Rule that would create a national registration regime by harmonizing, streamlining and modernizing registration requirements across Canada. The panel will discuss how the registration requirements will impact registrants, including fund managers, dealers and portfolio managers.
Moderator: David Gilkes, Manager, Registrant Regulation, OSC Compliance and Registrant Regulation Branch
Panelists:
Marsha Gerhart, Assistant Manager, Registrant Regulation, OSC Compliance and Registrant Regulation Branch
Morley Salmon, Chairman, Limited Market Dealers Association of Canada
Murray Taylor, President and CEO, Investors Group
Prema Thiele, Partner, Borden Ladner Gervais LLP
Click here to listen (16.6 MB)
- Financial reporting: Global standards for Canada’s capital markets
Panelists will discuss the policy implications for Canada's capital markets of adopting International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) and the challenges facing regulators and market participants in preparing for the transition.
Moderator: Cameron McInnis, Manager, OSC Corporate Finance Branch
Panelists:
John Carchrae, Chief Accountant, OSC
Bob Muter, Partner, PricewaterhouseCoopers LLP
Patricia O’Malley, Coordinator, International Financial Reporting Interpretations Committee, International Accounting Standards Board
Jean Paré, Vice President, Financial Reporting, Bombardier Inc.
Click here to listen (17.5 MB)
- How Passport will work for Ontario market participants
The OSC has actively participated in designing the interfaces between Ontario and the 12 Passport jurisdictions. This panel will discuss operational issues related to the proposed interfaces and how they will impact market participants in Ontario.
Moderator: Peggy Dowdall-Logie, Executive Director, OSC
Panelists:
Michael Bennett, Senior Legal Counsel, OSC Corporate Finance Branch
Rossana Di Lieto, Associate General Counsel, OSC General Counsel’s Office
Douglas Hyndman, Chair, B.C. Securities Commission
Douglas Marshall, Partner, Osler, Hoskin & Harcourt LLP, and member of the OSC Securities Advisory Committee
Click here to listen (15.9 MB)
Dialogue with the OSC 2006
Click here to access the audio files and presentation slides from last year’s conference.
Dialogue with the OSC 2005
Click here to access the audio files and presentation slides from the 2004 conference.
Dialogue with the OSC 2004
Click here to access the audio files and presentation slides from the 2004 conference.
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