the interest of retail investors in policy issues across Canada. According to a statement issued by the British Columbia Securities Commission (BCSC), the initiative is also aimed at promoting the investor protection mandate of the CSA.
“We listened to retail investor advocates who expressed a need for more structured and sustained engagement with retail investors to assist in policy-making,” CSA Chair and President, and chief executive of the Autorité des marchés financiers, Louis Morisset, said. “This new panel will serve as advisors to the CSA. We expect its input will provide us with meaningful insight into retail investors’ concerns to aid us in formulating rules that enhance investor protection.”
The Panel, which will comprise of experts on retail investor concerns from across Canada, will have two main functions. The first will be to assist the CSA with its mandate by representing retail investors and enhancing their involvement in market regulation. Feedback and written comments are expected to be provided by the new group regarding existing and proposed CSA rules and policies, as well as discussion drafts and ongoing concept papers. In addition to responding to a request for advice or comment by the CSA, the panel is expected to develop its own work plan and prioritise matters which it intends to address.
