OSC Announces Agenda for Roundtable on Option of Discontinuing Embedded Commissions

TORONTO – The Ontario Securities Commission (OSC) today announced the agenda and list of panellists for the upcoming roundtable to discuss Canadian Securities Administrators (CSA) Consultation Paper 81-408 Consultation on the Option of Discontinuing Embedded Commissions.

The roundtable is being held as part of the CSA’s ongoing consultation on the possible impacts of discontinuing embedded commissions. The event will include three panel discussions, each of which will explore a different alternative to the option of discontinuing embedded commissions and discuss the extent to which the alternative may address the CSA’s concerns with respect to embedded commissions.

The roundtable will take place on September 18, 2017, from 12:30 p.m. to 4:30 p.m. on the 22nd floor of the OSC’s offices, located at 20 Queen Street West in Toronto, Ontario.

Any interested parties wishing to attend the roundtable should register online by visiting the OSC’s website. Space is limited. An audio recording and transcript will be posted on the OSC’s website following the roundtable.

Any media interested in attending the roundtable should contact [email protected].

The agenda and list of panellists is as follows, subject to change.

Time	Topic	Panellists
12:30 p.m. – 1:00 p.m.	Arrival/check-in
1:00 p.m. – 1:10 p.m.	Introduction and opening remarks	Maureen Jensen, OSC Chair and CEO
1:10 p.m. – 2:10  p.m.	Topic 1:  Capping or standardizing trailing commissions	Rob Strickland, Fidelity Investments Canada ULC Neil Gross, Component Strategies Consulting Warren Collier, Blackrock Asset Management Canada Limited Scott Findlay, Independent Financial Brokers of Canada Nicole Lee, RBC Global Asset Management Inc.
2:10 p.m. – 3:10 p.m.	Topic 2: Discontinuing, or implementing additional standards for the use of the deferred sales charge purchase option	Barry McInerney, Mackenzie Investments John Adams, PFSL Investments Canada Ltd. Marian Passmore, Canadian Foundation for Advancement of Investor Rights (FAIR) Sonny Goldstein, Goldstein Financial
3:10 p.m. – 3:30 p.m.	Break
3:30 p.m. – 4:30 p.m.	Topic 3:  Enhancements to disclosure and choice for investors	Paul Bourque, Investment Funds Institute of Canada (IFIC) Sandra Kegie, Federation of Mutual Fund Dealers Duane Green, Franklin Templeton Investments Canada Dan Hallett, HighView Asset Management Ltd.
4:30 p.m.	Closing

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at www.osc.ca.

 

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