TORONTO (Reuters) – The Toronto Stock Exchange falls short of global listing standards and should do more to manage potential conflicts of interests in how it regulates listed companies, according to report published on Tuesday. The report from the Canadian Foundation for the Advancement of Investor Rights (FAIR Canada) singled the TSX out as the only one of eight major exchanges in its review that did not have specific measures in place to root out potential problems. ED Hardy Sunglasses"The TSX should implement safeguards to minimize the risk that conflicts will affect the administration of listings regulation, as well as address the perception that they could do so," the investor and shareholder advocacy group said in the report. "The TSX's current approach is not best practice, and lacks basic safeguards that one would expect to see in place." Toronto-based FAIR Canada urged the TSX to consider shifting listings regulation toJordan 23 a regulator like the Ontario Securities Commission or the Investment Regulatory Organization of Canada, a self-regulatory group that oversees investment dealers and trading on Canadian debt and equity marketplaces. Alternatively the exchange could set up an independent regulation subsidiary or a separate listings regulation department, FAIR Canada said. Ray Ban Sunglasses The Toronto exchange is operated by the TMX Group. FAIR Canada said it was only exchange of the eight it reviewed where listings are tasked to a unified department that is also responsible for regulatory oversight. It noted that the New York Stock Exchange, Nasdaq and other U.S. markets have in-house, arms-length regulatory units that monitor for trading abuses and ensure that listed companies meet their minimum requirements. TSX has only one domestic competitor, the Canadian National Stock Exchange. Alpha Group, an alternative trading system partly owned by dealer units of Canada's big banks, recently filed for exchange status to try to compete for listings. "If Alpha introduces listing requirements that do not match those of the TSX, this may lead to lower standards in the name of a 'level playing field,' with the result that Canada could face a 'race to the bottom' in exchange listed regulation," said Ermanno Pascutto, executive director of FAIR. Burberry SunglassesExchanges have long faced criticism that they cannot police listings and trading that they rely on for revenue properly. TMX Group, which runs the TSX and the junior TSX Venture Exchange, dominates Canada's listings business. The report said the business line made up 26 percent of revenue last year. The TSX has said it does not believe there are any conflicts of interest between its listings regulation and its other businesses.air jordan 14 air jordan 15 air jordan 16 air jordan 17 air jordan 18