The Council of Institutional Investors and the CFA Institute Centre for Financial Market Integrity have teamed up to form a working group aimed at giving investors a seat at the table in the debate over how to fix the U.S. regulatory system.

The independent panel will focus on investor considerations. Dubbed the Investors’ Working Group, the group will be led by former Securities and Exchange Commission chairmen William Donaldson and Arthur Levitt. It is expected to issue an initial report and recommendations by late spring.