wise persons’ panel
n.— «Canada is the only country in the industrialized world without national securities regulation. The current patchwork system is a throwback to the days when financial markets dealt mainly with local companies, operating mainly in one province. The “wise persons’ panel” on securities regulation, as it was called, noted that almost a third of the firms listed on the Toronto Stock Exchange now operate in all 10 provinces.» —“National projects may still be in vogue” by Susan Delacourt in Ottawa Toronto Star (Canada) May 13, 2006. (source: Double-Tongued Dictionary)
Further reading
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