The CSA released Staff Notice and Request for Comment 11-343 Proposal to Establish a CSA Investor Advisory Panel, to obtain the views of retail investors more formally and methodically through a pan-Canadian panel. The panel is intended to include a diverse range of investor interests, as well as be independent from (and funded by) the CSA. The panel’s focus would be to provide feedback on proposed CSA rules and polices, and is intended to be comprised of 5-9 members who would receive a small fee for their work. The proposal sets out the terms of reference for the panel, including meeting frequency, annual reporting, attendance at the CSA Chairs’ meeting, the membership selection process and expectations for disclosure of conflicts. The comment period on the terms of reference ends on February 1.

January 31, 2022