A private member’s bill calling for a single securities commission was tabled Tuesday in the Senate.

The bill, sponsored by Senator Jerry Grafstein, proposes to create one national regulatory body for all 13 of the country’s securities markets.

“Canada is alone among the industrialized nations in not having a single, national regulator for its securities markets,” Senator Grafstein said. “Having one regulator will improve the efficiency and productivity of Canada’s capital markets and will provide Canadian corporations and their investors with the certainty, consistency and protection afforded by a national regulatory framework. And the cost of capital will go down.”

The proposed legislation is available at: http://www2.parl.gc.ca/senatebills/BillsOther.aspx?Language=E&Mode=1&Parl=39&S
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