The CEO ofFinancial Markets Authority, Louis Morissetwill soon end his term as President of the Canadian Securities and Exchange Authorities (ACVM). His successor issue of Alberta will take effect on July 1, 2022.
Stan MagidsonCEO ofAlberta Securities Commission (ASC), was appointed for a three-year term.
Prior to joining the CSA in July 2016, Stan Magidson was President and CEO ofInstitute of Corporate Directors and president of the The global network of governing institutes. He previously worked for 21 years in a law firm where he advised clients of issuers, investors, financial intermediaries and boards of directors on securities law, corporate finance. , mergers and acquisitions as well as corporate governance.
In addition, David CheopCEO of the Manitoba Securities Commission, is appointed to the position of vice-president of the ACVM for a term of three years. Mr. Cheop succeeds Kevin HoytCEO of the New Brunswick Financial and Consumer Services Commission.
Finally, the CSA confirms that the mandate of Grant Vingoe The presidency of the Regulatory Coordination Committee has been renewed for three years. Mr. Vingoe is the head of the Ontario Securities and Exchange Commission.
More than seven years
In its statement, the Authority recalled that Mr. Morisset had been Chair of the CSA since April 2015. He remained in the organization due to his duties in the Authority.
During his seven-year presidency, he participated in several investor protection regulatory reforms, including:
As part of their 2016-2019 business plan, the CSA has revised its reporting obligations, including information requirements, to reduce the regulatory burden on reporting issuers. Additional changes have been made to the current business plan, including 9 out of 10 regulatory burden reduction projects that have already been completed.
Last year, Mr. Morisset’s term of office was renewed for one year, precisely to enable him to carry out the work provided for in this business plan.
Mr Morisset says it needs to be involved in protecting investors and maintaining confidence in Canada’s capital markets. He cites the challenges posed by the COVID-19 pandemic, the rapid transformation of the industry and the changing needs of investors.