News Release
Chairs of BC and Ontario securities commissions present their plans for regulatory reform to Canada's miners
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Date:
2003-01-27 -
Number:
2003/08
Vancouver – OSC Chair, David Brown, and BCSC Chair, Doug Hyndman, will explore how to improve Canada's securities regulation in a panel discussion at the BC & Yukon Chamber of Mines annual Cordilleran Roundup, 2:00 PST Thursday, January 30 at the Westin Bayshore.
Hyndman will present the BCSC's program for regulatory reform through streamlining and simplification. In April, his commission will publish a completely revised draft BC Securities Act that cuts by one-third the more than 21,000 existing rules and regulations.
Central to the financing interests of Canada's miners is the BCSC's Continuous Market Access system, which will cut about 23% of all regulatory requirements in BC by eliminating the prospectus.
Regulatory Reform – What’s in it for junior mining?
Cordilleran Roundup Financing Session
· Doug Hyndman, Chair, BCSC
· David Brown, Chair, OSC
· Linda Hohol, President, TSX Venture
· Frank Swedlove, General Director, Department of Finance
2:00 – 3:30 pm PST–Thursday, January 30
Westin Bayshore, Stanley Park Ballroom
1601 Bayshore, Vancouver
The BCSC New Proposals for Securities Regulation and the cost-benefit analysis, “Better Disclosure, Lower Costs” are posted on the commission website at www.bcsc.bc.ca/bcproposals [link no longer operational]
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province.