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The head of Quebec's provincial regulator will be taking over the lead at the Canadian Securities Administrators, an association of provincial and territorial securities regulators.
Louis Morisset, president and CEO of Autorité des marchés financiers, has been appointed chair of the CSA, replacing Bill Rice, chair and CEO of the Alberta Securities Commission, who has served as chair of the CSA since January 2011.
Mr. Morisset has been the leader of Quebec's provincial regulator since 2013.
From May 2006 until his appointment as president and CEO, Mr. Morisset held the position of AMF Superintendent, Securities Markets. In 2011-2012, he was involved in the work which resulted in the AMF's approval of the acquisition of TMX Group, Canadian Depository for Securities and Alpha Trading Systems by the Maple Group consortium.
"The CSA plays a fundamental role in the Canadian capital markets and I am committed to diligently pursue our work of coordinating and harmonizing securities regulation across Canada," said Mr. Morisset, in a release. "Efficiency of Canadian capital markets, effective law enforcement and confidence of Canadian investors will continue to be the driving force of our organization, which is more than ever essential in the current context."
Don Murray, chair of the Manitoba Securities Commission, will take on the role as vice-chair of the CSA.
Both appointments are for a two-year term, ending Mar. 31, 2017.
Clare O’Hara