News Release

Toronto – How investors can be better protected while industry saves money is the topic of a B.C. Securities Commission presentation to Canada’s mutual fund industry on Tuesday.

The Investment Funds Institute of Canada is hosting the Commission at a breakfast forum December 17 at the Toronto Board of Trade. More than 260 industry participants have registered for the sold-out event.

The BCSC is seeking comment on its New Proposals for Mutual Fund Regulation, which is part of its campaign urging the overhaul of securities regulation in Canada.

The 82-page report, New Proposals for Mutual Fund Regulation, represents the BCSC’s commitment to a principles-based approach to reforming Canadian securities regulation. The commission is pushing for a code-of-conduct approach to mutual fund regulation. The codes would substitute general principles and guidance for detailed and the often complex and confusing rules on business conduct and product registration.

New Proposals for Mutual Fund Regulation can be downloaded from the BCSC website at www.bcsc.bc.ca/bcproposals. [Link no longer operational]

(The Board of Trade lobby is between Timothy's Coffee shop and Fairweather. Use Board of Trade elevator to access restaurant.)