Ottawa, October 15, 2009
Archived - Minister of Finance Appoints Advisory Committee on Canadian Securities Regulator
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The Honourable Jim Flaherty, Minister of Finance, today announced the appointment of the members of the Advisory Committee of Participating Provinces and Territories to the Canadian Securities Transition Office, which is leading Canada's efforts to establish a Canadian securities regulator.
"The participation of provinces and territories is critical to ensure the new securities regulator meets the needs of Canadians and businesses in all regions of our country," said Minister Flaherty. "The provinces and territories have nominated well-qualified members to the Advisory Committee, which will assist the Transition Office as it shapes the Canadian Securities Act and develops plans for the structure and management of the new securities regulator."
The members of the Advisory Committee are:
Louis L. Arki – Nunavut
William E. Belliveau – New Brunswick
Peter M. Brown – British Columbia
James D. Hinds – Ontario
Paul R. Jelley – Prince Edward Island
Dale G. Linn – Saskatchewan
Gary I. MacDougall – Northwest Territories
Winston Morris – Newfoundland and Labrador
Frederik J. Pretorius – Yukon
Dawn A. Russell – Nova Scotia
The Advisory Committee will provide advice to the Transition Office on the transition to a Canadian securities regulator. This will help to ensure that each of the participating governments' interests are represented in the work of establishing a Canadian securities regulator. As part of its work plan, the Transition Office is consulting with provinces and territories, securities experts and legal advisors.
"I am encouraged and excited by the widespread participation of the provinces and territories," said Minister Flaherty. "I look forward to working with everyone to ensure the new securities regulator will give Canada the best possible regime for financial regulation."
"This is a necessary step in the evolution of Canada's economy. It will create a more efficient, streamlined securities regulatory system that reinforces financial stability, strengthens enforcement, protects investors and is more accountable."
The new appointees will advise the Transition Office announced in June by Minister Flaherty.
Biographical information is attached.
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Office of the Minister of Finance
Department of Finance
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Louis L. Arki, LL.B.
Louis Arki is the Superintendent of Securities for Nunavut, where he has been the Director of Legal Registries since 2006. Mr. Arki is one of the chairs of the Canadian Securities Administrators, and a voting member of the North American Securities Administrators Association, Inc. In partnership with the Northwest Territories, Yukon and PEI, he developed Nunavut's new and modern Securities Act, which came into force in 2008. Mr. Arki obtained his Bachelor of Arts at the University of Alberta, his LL.B. at the University of Ottawa and was admitted to the Bar of Ontario in 1982. He practised law in Ottawa and is a member of the Law Society of Upper Canada. He is also a member of the Canadian Association of Corporate Law Administrators as well as a trustee of the Commission scolaire francophone du Nunavut.
William E. (Bill) Belliveau
Bill Belliveau is President of Bell Strategic Inc. of Moncton, New Brunswick. He is also a newspaper columnist, radio commentator, award-winning magazine publisher and former advertising executive in Toronto, Halifax and Calgary. He served for six years as Governor of the Atlantic Provinces Economic Council, including two as Vice Chairman. He is a past President of the Canadian Periodical Publishers’ Association and has served on various community-based development committees including the Calgary International Trade Committee, the Halifax Board of Trade, Renaissance Sackville and the Moncton Chamber of Commerce. Mr. Belliveau attended St. Francis Xavier University in Antigonish, Nova Scotia and is a Canadian Association of Advertising Practitioner.
Peter M. Brown
Peter Brown is Chairman and Founder of Canaccord Capital, one of Canada's largest independent investment dealers.
Mr. Brown is the past Chairman of the University of British Columbia, the Vancouver Stock Exchange, B.C. Place Corporation and B.C. Enterprise Corporation. He was also the Vice Chairman of Expo 86 Corporation. He is currently on the Board of Trustees for the Fraser Institute and the Investment Industry Association of Canada. Mr. Brown has recently been appointed by the federal government as a Director and Member of the Finance Committee for the Vancouver 2010 Olympic & Paralympics Games. He is a Director of the Vancouver Convention Centre Expansion Project Limited & Pavilion Corp. Mr. Brown received the Order of British Columbia in 2003 and an Honorary Degree (Doctor of Laws) from the University of British Columbia in 2005.
James D. Hinds
James Hinds was actively engaged in the investment banking business for 20 years with CIBC Wood Gundy Inc., Newcrest Capital Inc. and TD Securities Inc. During that time, he was involved with the industry's self-regulatory agency on several committees and task forces. He currently serves as a director of a number of public investment vehicles.
Mr. Hinds is Chair of Ontario's Independent Electricity System Operator, the crown agency which runs Ontario's spot market for electricity and which dispatches the province's generating fleet in response to customer demand.
A native of Sudbury, Ontario, he received a BA from Victoria University at the University of Toronto, an MBA from the Wharton School and a law degree from the University of Toronto.
Paul R. Jelley
Paul Jelley is retired from the Prince Edward Island government, where he most recently served as Deputy Minister of Finance, Secretary to Treasury Board and Chairman of the Master Trust Pension Advisory Committee. Prior to that, he was Deputy Minister of Development and Technology for three years, and Deputy Minister of Agriculture for one year.
Mr. Jelley served from 1990 to 2000 as CEO of the Ottawa-based Canadian Broiler Hatching Egg Agency. Prior to that, he served in several roles in the provincial government.
He is a past president of the PEI Hockey Association and Sport PEI. Mr. Jelley is an Arts graduate of the University of Prince Edward Island.
Dale G. Linn, Q.C.
Dale Linn, Q.C., is a partner in the Saskatoon office of the law firm McDougall Gauley LLP, where he practises primarily in the estate, trusts and corporate/commercial areas of law.
He has served as Chair of the Law Reform Commission of Saskatchewan, President of the Saskatchewan Branch of the Canadian Bar Association, President of the Canadian Bar Insurance Association, and President of Canadian Bar Financial Services Corp. Mr. Linn received his B.A. in 1969 and his LL.B. in 1972 from the University of Saskatchewan. He was admitted to the Bar of Alberta in 1973 and to the Bar of Saskatchewan in 1974. He is currently a member of the Canadian Bar Association and the Law Society of Saskatchewan.
Gary I. MacDougall
Gary MacDougall is the Superintendent of Securities for the Northwest Territories, appointed in 2008 under its new Securities Act. He was first appointed as Registrar of Securities under the former legislation in 1981 and has been primarily responsible for program delivery and policy development in this area since then. He is the longest serving executive member of the Canadian Securities Administrators and was the Northwest Territories' lead in the development of uniform securities legislation that was enacted in Prince Edward Island and the three territories.
Mr. MacDougall received a B.A. from the University of Guelph in 1976 and an LL.B. from York University's Osgoode Hall Law School in 1979. He was called to the Ontario Bar in 1981 and the Northwest Territories Bar in 1982.
Winston Morris is currently the Assistant Deputy Minister of Consumer and Commercial Affairs with the Department of Government Services in the Province of Newfoundland and Labrador. In that capacity, he serves as Chair of the Credit Union Deposit Guarantee Corporation and Superintendent of Securities, Insurance and Pensions. Prior to this, Mr. Morris was Director of Debt Management where he administered the province's borrowing, investment and loan guarantee programs. Before joining government, he worked for a number of years in the private sector, including seven years in the life insurance industry in several provinces. Mr. Morris is a member of the Canadian Securities Administrators, the Canadian Council of Insurance Regulators and a Vice-Chair of the General Insurance Statistical Agency. Mr. Morris holds a Bachelor of Commerce Degree from Memorial University of Newfoundland.
Frederik J. Pretorius
Frederik Pretorius currently serves as the Director of Corporate Affairs, a branch within the Government of Yukon. He is also the Superintendent of Securities in Yukon and one of the Chairs of the Canadian Securities Administrators. Mr. Pretorius has law degrees from the Potchefstroom University as well as a master of laws (LL.M.) degree from the University of Stellenbosch in South Africa. He qualified as Certified Financial Planner of the Financial Planning Institute of South Africa and was a member of the Institute from 2000 to 2005. His past experience includes practising law as an Attorney (1993-1997), being admitted as an advocate of the High Court of South Africa in 1999 and serving as a legal adviser (1997-2007).
Dawn A. Russell, Q.C.
After nearly a decade as Dean of Dalhousie Law School, Dawn Russell is currently an Associate Professor at Dalhousie and has taught corporate law and securities law for many years. She was co-chair of the Nova Scotia Law Reform Commission from 1995 to 2002, has co-authored two books and has written numerous publications. Professor Russell served as a public governor of the Canadian Investor Protection Fund between 2000 and 2006. She was appointed by the Ontario government in 2005 as a member of the Crawford Panel on a Single Securities Regulator, and was appointed by the Government of Canada in 2008 as a member of the Expert Panel on Securities Regulation in Canada. Professor Russell has a B.A. from St. Thomas University, an LL.B. from Dalhousie Law School, and an LL.M. from Cambridge University.