OSC Announces Agenda for Roundtable Discussion of CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees

TORONTO, May 16, 2013 /CNW/ - The Ontario Securities Commission (OSC) announced today the final agenda, discussion topics, and list of panellists for its roundtable on Friday, June 7, 2013, which will further explore and discuss the issues identified in CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees. This initial roundtable will explore topics that reflect the major themes emerging from the comment letters received in response to the Discussion Paper and will help inform next steps on these issues, including the direction of further possible consultation.

Announced on March 19, 2013, the roundtable will take place from 9:00 a.m. to 1:00 p.m. on the 22nd floor of the OSC's offices, located at 20 Queen Street West, Toronto, Ontario.

The roundtable will feature three panels representing investors, various segments of the mutual fund industry and other financial industry stakeholders. As indicated previously, panellists have been selected based on comment letters submitted in response to the Discussion Paper. Panel topics include:

  1. The role embedded compensation plays in access to advice for small retail investors in the Canadian market.
  2. The nature and scope of the services received for trailing commissions.
  3. The impact of current disclosure initiatives and whether regulatory action beyond disclosure is warranted at this time.

Panellists will each have an opportunity to provide brief opening remarks, which will then be followed by general discussion and questions from OSC Commissioners. Any interested parties wishing to attend the roundtable are asked to send an email with full contact details to: investmentfunds@osc.gov.on.ca to confirm their attendance. Space is limited. It is expected that a transcript will be posted to the OSC website following completion of the roundtable.

The agenda and schedule of panel participants is as follows:

Agenda
     
Time Topic Panellists
     
8:30 - 9:00 a.m. Arrival/Check-in  
     
9:00 - 9:15 a.m. Introduction and Opening
Remarks
Mary Condon
(OSC Vice-Chair)

Sinan O. Akdeniz
(OSC Commissioner)

Deborah Leckman
(OSC Commissioner)
     
9:15 - 10:15 a.m. Topic 1: The role embedded
compensation plays in access
to advice for small retail
investors in the Canadian market
Joanne De Laurentiis
(Investment Funds Institute of
Canada)

Ermanno Pascutto
(Canadian Foundation for
Advancement of Investor
Rights)

Peter Intraligi
(Invesco Canada Ltd.)

John De Goey
(Burgeonvest Bick Securities
Limited)
     
10:15 - 11:15 a.m. Topic 2: Understanding the
services received for trailing
commissions
Doug Coulter
(RBC Global Asset
Management Inc.)

Atul Tiwari
(Vanguard Investments
Canada Inc.)

Ken Kivenko
(Small Investor Protection
Association)

Ed Skwarek
(Advocis - The Financial
Advisors Association of
Canada)
     
11:15 - 11:45 a.m. Break  
     
11:45 a.m. - 12:45 p.m. Topic 3: The impact of
current disclosure initiatives
and whether regulatory
action beyond disclosure is
warranted at this time
Sian Burgess
(Fidelity Investments Canada
ULC)

Robert Frances
(PEAK Financial Group Inc.)

Afsar Shah
(Sun Life Financial Investment
Services (Canada) Inc.)

Representative from OSC
Investor Advisory Panel
     
12:45 - 1:00 p.m. Closing  
   

SOURCE Ontario Securities Commission



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