News & Events


OSC DIALOGUE 2012
Tuesday, October 30, 2012
Toronto Board of Trade, 1 First Canadian Place, Toronto



8:00 a.m.
8:30 a.m.
Howard I. Wetston, Q.C., Chair, Ontario Securities Commission



9:00 a.m.
Securities regulators and market participants share a common interest in fostering confidence in capital markets that are increasingly complex and interconnected. This plenary panel will examine key international developments in the capital markets and their implications for Canada, especially in the areas of systemic risk, enforcement, market structure and investor protection.
Moderator: Maureen Jensen, Executive Director, OSC
Panel: Mark Adams, Special Advisor, Research, Strategy and Risk, OSC
Stephen Erlichman, Executive Director, Canadian Coalition for Good Governance
Margaret Franklin, CFA, Chief Executive Officer, Kinsale Private Wealth Inc.
Margot Howard, Commissioner, OSC
Tom Kloet, Chief Executive Officer, TMX Group Ltd.



10:15 a.m.

10:30 a.m.
1. Proactive Enforcement
This panel will focus on the OSC's enforcement priorities, including emerging markets investigations, illegal insider trading and bringing cases before the Ontario Court of Justice, and also discuss the role of technology in securities law enforcement and the use of the public interest jurisdiction.
Moderator: Tom Atkinson, Director, Enforcement, OSC
Panel: Kathryn Daniels, Deputy Director, Enforcement Branch, OSC
Karen Manarin, Deputy Director, Enforcement Branch, OSC
Ermanno Pascutto, Executive Director, FAIR Canada
Paul Steep, Partner, McCarthy Tétrault



2. Securities Regulation and Systemic Risk
The panel will examine a broad overview of systemic risk issues in Canada, including shadow banking, securitization and derivatives, and also discuss the different roles of regulators in mitigating systemic risk to the financial markets.
Moderator: Kevin Fine, Director, Derivatives, OSC
Panel: Pei-Ching Huang, Senior Legal Counsel, Investment Funds Branch, OSC
Finn Poschmann, Vice President, Research, C.D. Howe Institute
Winnie Sanjoto, Senior Legal Counsel, Corporate Finance Branch, OSC
Aaron Unterman, Legal Counsel, Derivatives Branch, OSC



3. OSC Approaches to Fostering Efficient Capital Formation
The panel will discuss issues related to the exempt market and capital-raising by small- and medium-size enterprises and venture issuers, including OSC initiatives aimed at facilitating efficient capital-raising while protecting the interests of investors.
Moderator: Jim Turner, Vice-Chair, OSC
Panel: Lisa Enright, Manager, Corporate Finance Branch, OSC
David Kaufman, President, Westcourt Capital Corporation
Jo-Anne Matear, Manager, Corporate Finance Branch, OSC
Rick Nathan, Managing Director, Kensington Capital Partners Limited and Past Chair, Canada’s Venture Capital and Private Equity Association



12:00 p.m.
Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission         (Participating via audio or video conference)


1:15 p.m.
1. Boards of Directors: Evolving Expectations in Corporate Governance
At a time when boards of directors face rising public expectations, this panel will explore issues such as regulatory and investor pressures on directors, the tension between changing board responsibilities and the demand for greater shareholder involvement in corporate governance and the appropriate role of corporate law and securities law in imposing obligations and expectations on board directors.
Moderator: Leslie Byberg, Director, Strategy and Risk, OSC
Panel: Naizam Kanji, Deputy Director, Corporate Finance Branch, OSC
Richard Leblanc, Associate Professor, Governance, Law & Ethics, York University
Shannon O’Hearn, Manager, Corporate Finance Branch, OSC
Ed Waitzer, Professor and Jarislowsky Dimma Mooney Chair in Corporate Governance, Osgoode Hall Law School and the Schulich School of Business



2. Market Structure Issues
OSC staff and external panelists will discuss changing technology, marketplace models and infrastructure with a particular focus on electronic trading, the growth of dark pools and oversight of key market infrastructure, including clearing agencies.
Moderator: Susan Greenglass, Director, Market Regulation, OSC
Panel: Doug Clark, Managing Director, Research, ITG Canada Corp.
Dan Kessous, Chief Executive Officer, Chi-X Canada ATS Limited
Antoinette Leung, Manager, Market Regulation Branch, OSC
Ryan Riordan, Assistant Professor, Faculty of Business and Information Technology, University of Ontario Institute of Technology
Tracey Stern, Manager, Market Regulation Branch, OSC



3. Investor Issues
Panelists will discuss the role of disclosure and regulatory intervention in investor protection, with a focus on current investor initiatives relating to fiduciary duty, the client relationship model, mutual fund fees and dispute resolution.
Moderator: Mary Condon, Vice-Chair, OSC
Panel: Tom Bradley, President, Steadyhand Investment Funds Inc.
Eleanor Farrell, Director, Office of the Investor, OSC
Rhonda Goldberg, Director, Investment Funds Branch, OSC
Chris Jepson, Senior Legal Counsel, Compliance and Registrant Regulation Branch, OSC
Jeff Scanlon, Legal Counsel, Compliance and Registrant Regulation Branch, OSC



2:30 p.m.
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