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 22^nd 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: [email protected] 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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