THE CANADIAN PRESS

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Monday's expert panel report is the latest in a long line of proposals to streamline Canada's system of securities regulation. A brief history of the issue:

1935 - Royal Commission on Price Spreads calls for a national securities presence.

1964 - Royal Commission on Banking and Finance urges uniform securities regulation.

1967 - Ontario Securities Commission proposes a Canadian Securities Commission.

1979 - Federal government publishes proposals for securities law, including an independent national body working in co-operation with provincial regulators.

1994 - Ontario Securities Commission releases a federal proposal for a Canadian Securities Commission.

1996 - At a first ministers' conference, all governments except British Columbia and Quebec endorse the concept of a federally run commission.

2003 - In March, an Ontario committee identifies an "urgent need" for a single regulator; in December a federal so-called wise persons' committee concludes that if provincial co-operation cannot be won, Ottawa has - and should use - authority to regulate securities matters.

2004 - The Canadian Bankers Association says "building a single securities regulator in Canada has never been more achievable."

2006 - An Ontario government-appointed panel calls for "a national framework that pools regulatory responsibilities and resources, respects the constitutional authority and oversight of each jurisdiction and ensures that no jurisdiction or government dominates the regulator's operations or policy agenda."

-Source: Ontario's Crawford Panel on a Single Canadian Securities Regulator