Andriy Bezuglov/123RF Title protection in Ontario on track for 2022 Facebook LinkedIn Twitter Keywords Regulation, CoronavirusCompanies Canadian Securities Administrators, British Columbia Securities Commission, Ontario Securities Commission At the Investment Funds Institute of Canada’s 2020 leadership conference on Monday, a regulatory panel spoke about the challenges and opportunities arising from the Covid-19 crisis.Regulators noted the collaboration that occurred between the industry and self-regulatory organizations (SROs), as well as with the International Organization of Securities Commissions. Michelle Schriver Covid vaccine-sharing discussions to dominate G7 summit talks Merger of B.C. financial services, real estate regulators nears completion Share this article and your comments with peers on social media Related news Collaboration resulted in financial services firms receiving timely compliance relief, such as filing extensions and an increase on the cap on mutual funds’ short-term borrowing to ensure that the funds could meet redemption demands.“Industry and regulators came together in an incredibly co-operative fashion […] trying to ensure that our markets could continue to operate and that investors’ interests were being served,” said Brenda Leong, chair of the B.C. Securities Commission. “It was just a really impressive display of unity.”Leong said regulators collaborated with industry and government to ensure a broad definition of essential businesses so that all market participants would be covered, including exchanges, clearing houses, commissions, fund managers and dealers.With the demonstrated quick pandemic response, regulators now aim to maintain their efforts beyond the crisis.“We want [regulatory agility] to flow to the inevitable rebuilding phase,” said Grant Vingoe, interim chair of the Ontario Securities Commission. “Providing the circumstances for capital raising and recovery is going to go on for a long time.”Referring to technological transformation and the shift to working from home, Vingoe said he expects regulatory exams to be more tailored as regulators increasingly rely on data. He said regulatory oversight may continue to be remote.Vingoe also expects measures to be introduced to improve client interactions and efficiencies. “It’s necessary to focus on those things that are really impactful on the [client] relationship, and improve the delivery of services,” he said.Vingoe noted that Ontario’s Capital Markets Modernization Taskforce is oriented toward industry efficiency, including client service delivery.Despite the need to respond to the pandemic, regulators on the panel said their overall goals remain intact.The CSA’s priorities into 2022, established in its business plan published in June 2019, haven’t so far changed because of the pandemic. These priorities include such things as the client-focused reforms and regulatory burden reduction. Other work includes consulting on the SRO framework review.Louis Morriset, the CSA chair and president and CEO of the Autorité des marchés financiers, said he expects the pandemic to have only “a moderate impact” on the timing of “certain” initiatives.
Share By LARRY GAGESpecial to the PRESSIt was double gold again for Port Isabel High hurdler Omar Silva last week. He crossed the finish line first in both the 110-meter and 300-meter hurdles races at the Albert Tijerina Relays in Raymondville on Thursday.The winning margin for Silva in the 110’s was just 0.12 seconds but it was not a side-by-side finish. Silva ran in one of five different heat races and he finished more than 3.5 seconds ahead of the second-place finisher, Tarpon teammate Robert Maldonado (19.30) in the fourth heat. The second-fastest time of 15.89 seconds was turned in by La Feria’s Omar Mughrabi in the first heat.Silva ran in the fourth heat for the 300-meter hurdles and was timed at 41.52 seconds. Again the second-fastest man was in a different heat; Andrew Rodriguez (Juarez Lincoln) won the first heat in 42.03 seconds, so Silva’s winning margin for the 300’s was 0.51 seconds.“He ran in the slowest heat so he didn’t have anybody pushing him,” head Tarpon track coach Joe Gonzales said Monday. “His time was a little low. As soon as he jumped the first hurdle he already had a big lead. He needs to run against people that are really going to push him.”Want the whole story? Pick up a copy of the Port Isabel-South Padre Press, or subscribe to our E-Edition by clicking here. RelatedSilva Sweeps Hurdles at Tarpon RelaysBy LARRY GAGE Special to the PRESS It was a gold medal performance again for Omar Silva last week, only this time it was double gold. Silva swept the 110-meter and 300-meter hurdles races at last Saturday’s Tarpon Relays. This was the third track and field meet in as many…March 4, 2016In “News”Hurdler Silva back in top formBy LARRY GAGE Special to the PRESS Port Isabel High Tarpon hurdler Omar Silva was back in top form last week as he won both the 110-meter and 300-meter hurdle races at the Albert Tijerina Relays in Raymondville. Silva ran cleanly in both events and his winning time of 16.03…April 11, 2015In “News”Silva tops in hurdles at District MeetBy LARRY GAGE Special to the PRESS Omar Silva again showed top form in the hurdles races at last week’s District 32-4A Men’s Track and Field meet at La Feria. He won gold in both races and advanced to the area meet at Kingsville this Thursday (April 23rd). Silva won…April 24, 2015In “News”
ROAD RUNNING: THE good folk of Port Moresby Road Runners were asked recently what their favourite running venue is. They have been voting with their feet and the declaration of the poll was made on Saturday afternoon. The winner is, by a country mile, the University of Papua New Guinea. The Waigani campus has held the record for the biggest number of participants since 10 February 2001 when 78 hardy souls turned out. The Holiday Inn came close to the record two weeks ago when 76 rolled up. But the University smashed its own record on Saturday afternoon when 94 runners and walkers, including many in the “Liklik” (under 12 years of age) category, relished the coolish, breezy, traffic-free, quiet and peaceful conditions on offer. Old timers will say that there were occasions in the 1980s when the century mark was beaten. Yes, that’s a good story but where are the records to prove it? They are still looking for them. Fifty-one completed the 2.8-km course, led home in grand style by the fleet-footed youngster Joshua John in 11 minutes and 39 seconds. This boy is still on a sharp improvement curve. He won the same race at this venue in January, in 12.29, so he has gone 50 seconds faster this time around. Speaking of improvement, no one can go past young Falyn Buda who won the female category of the 5.6-km race, finishing in outright eighth place in a field of 34, in 29.27. Skene Kiage ran so fast in the long race, over 11.2 km, that he got home quicker, in 47.42, than the last half-dozen 5.6-km finishers. And he won, of course, beating eight other diehards who edged the score towards 100, before Henry Horou brought the proceedings to a close in the soft and soothing dusk in 98.44. Next Saturday the action is on again, at another popular venue: Ela Beach, where three events of similar distance will be conducted.