The six working groups convened to help develop the Ontario Securities Commission’s Fair Dealing Model have held their first meeting.

The groups are charged with studying the feasibility of the model’s implementation and the cost/benefit impact. The groups are dealing with: advisor transition issues; investor reporting; compliance and legal; information technology; business management and strategy; and portfolio managers and collective investment vehicles.

OSC senior counsel Julia Dublin, who is heading the FDM project, reports that an orientation session was held for all six groups Thursday of last week. She says that 92 of the 122 people who’ve committed to participate in the project were able to attend the orientation.

She says they are still finalizing the list of group participants and, providing they agree, the OSC plans to publish the mandate and members of each working group on its Web site.

The meetings start next week at the OSC and are scheduled to continue for six months.