The Chair of the Ontario Securities Commission, David Brown, expressed support today for the report issued by Harold MacKay to federal Finance Minister John Manley. The report, which the Finance Minister immediately shared with his provincial counterparts, concludes consultations held across the country on a process to improve Canada’s securities regulatory framework.

“Mr. MacKay’s recommendations are timely. They recommend a consensus-based approach to resolve issues and bring national unity to our fragmented securities regulatory system,” said Brown. “Mr. MacKay clearly recognizes the need to focus Canadians from all provinces and territories on the importance of building a system that unifies regulation for Canadian investors and issuers.”