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Right: Mary Condon<\/STRONG><\/P>\n
Osgoode Hall Law School Professors Mary Condon and Poonam Puri were independent researchers for the committee. The committee in its deliberations used their reports along with those generated by eight other research teams. <\/P>
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Condon was commissioned to prepare an independent research study on enforcement activity and the securities regulatory structure. Puri was commissioned to conduct a study on local and regional interests and markets in the debate on an optimal securities regulatory structure.<\/P> Former finance minister John Manley established the Wise Person\u2019s Committee last February, charged with a mandate to review the structure of Canada\u2019s securities markets. The committee\u2019s report, titled It\u2019s Time<\/I>, was delivered this week to Manley's replacement, Ralph Goodale. <\/P> The report is a response to criticism of what is seen as the inadequate enforcement, undue complexity, excessive cost and weak international profile of Canada\u2019s current regulatory system of 13 provincial and territorial regulators.<\/P> It recommends establishment of a Canadian Securities Commission (CSC), which would consist of nine full-time, regionally representative commissioners appointed by the minister of finance. A 13-person nominating committee would have 10 members designated by the provinces, and provincial ministers would have a say in policy. The CSC would administer a comprehensive code of capital markets regulation to be enacted by the federal government. <\/P> According to the committee, the single regulator proposal would significantly strengthen enforcement, facilitate better policy innovation and development, and enhance Canada\u2019s brand of securities regulation internationally. Moreover, it would establish clear lines of accountability, ensure responsiveness to regional needs, provide for uniform investor protection across Canada and facilitate the reallocation of substantial funds towards better enforcement and other pressing regulatory issues.<\/P> About Mary Condon<\/P><\/B> Condon has been a faculty member at Osgoode Hall Law School for 10 years. She is also an adjunct faculty member at the Centre of Criminology, University of Toronto. Her areas of research and teaching expertise are securities law, economic regulation, corporate law, pension policy and socio-legal studies. She is the Director of Osgoode Hall\u2019s part-time LLM program specializing in securities law. Condon received her law degree from Trinity College, Dublin, and her MA (Criminology), LLM and SJD. from the University of Toronto. She received the Alan Marks Medal from the Faculty of Law, University of Toronto for her doctoral thesis. She is a member of the Bar of Ontario. <\/P> About Poonam Puri<\/P><\/B> An associate professor of law at Osgoode, Puri is a graduate of the University of Toronto Faculty of Law (LL.B. Silver Medalist) and Harvard Law School (LLM). She articled at Torys and was a summer associate at Paul, Weiss, Rifkind Wharton and Garrison in New York. Puri\u2019s research expertise is in corporate governance, corporate law, securities law, corporate and white-collar crime, bankruptcy law, and law and economics. She was recently a visiting professor at Cornell Law School and is a recipient of the Osgoode Hall Law School Teaching Award.<\/P> <\/P><\/p>\n","protected":false},"excerpt":{"rendered":" Two York professors conduct research for the Wise Person's Committee on securities regulation...<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[25],"tags":[],"yfileauthor":[],"qualifier":[],"yfile-author":[],"tags-to-show":[],"workflow":[],"class_list":["post-2221","post","type-post","status-publish","format-standard","hentry","category-editors-picks"],"acf":{"internal_publish_date":null,"original_image":null},"yoast_head":"\n![](\"http:\/\/www.yorku.ca\/yfile\/photos\/20031222\/2bPoonamPuri.jpg\")
Left: Poonam Puri<\/STRONG><\/P>
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