Attention: Business, Financial, News, Assignment and City Desks

Attention: Business, Financial, News, Assignment and City desks

Conference to Explore Wise Persons’ Committee Research

January 19, 2004 (Toronto, ON) — The University of Toronto’s Capital Markets Institute (CMI) is bringing together researchers who prepared key studies for the Wise Persons’ Committee to Review the Structure of Securities Regulation in Canada (WPC). The researchers will present their findings and comment on the WPC’s report recommendations at a full-day conference on January 30, 2004. Media are invited to attend.

The conference will conclude with a panel discussion featuring authors of the constitutional opinions published with the WPC report.

The Wise Persons’ Committee released “It’s Time” on December 17, 2003, calling for the creation of a single regulator built on a joint federal-provincial model.

What: The Wise Persons’ Committee Research Conference

Who: Ralph Simmonds and Ray da Silva Rosa The Impact of Federalising Securities Regulation in Australia: A View from the Periphery Poonam Puri Local and Regional Interests in the Debate on Optimal Securities Regulatory Structure Douglas Cumming, Aditya Kaul and Vikas Mehrotra Provincial Preferences in Private Equity and Fragmentation and the Canadian Stock Markets Mary Condon The Use of Public Interest Enforcement Orders by Securities Regulators in Canada Margaret Sanderson and Mark Neumann (Charles River Assoc.) Securities Enforcement in Canada: The Effect of Multiple Regulators Anita Anand The Costs of Compliance in Canada’s Securities Regulatory Regime Where: Four Seasons Hotel, 21 Avenue Road, Regency East Room, Toronto

When: 8:45 a.m. to 5 p.m., Friday, January 30, 2004

Attendance is complimentary. Please RSVP by completing and faxing back the attached registration form.

The CMI is an independent institute undertaking and sponsoring policy research and analysis to develop a comprehensive capital markets strategy for Canada.

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For more information, please contact: Kathleen O’Brien, Communications Officer Lisa Porlier, Executive Director University of Toronto, Faculty of Law Capital Markets Institute 416.946.8188 or [email protected] 416.978.5654 or [email protected]