Finding Common Cause: The Renewed Quest for a National Securities Regulator
Proponents of a national securities regulator suffered a setback when the Supreme Court of Canada ruled Ottawa’s proposed Securities Act to create such a body was unconstitutional. In its ruling, the Supreme Court nevertheless endorsed the possibility of a national regulator based on a model of cooperative federalism. The goal is still both feasible and desirable in view of the shortcomings of Canada’s current system of 13 provincial and territorial regulators. It remains to be seen, however, which provinces will cooperate with the federal government and, if so, on what terms.
|Date of creation:||Jun 2012|
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|Publication status:||Published on the C.D. Howe Institute website, June 2012|
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