The Nova Scotia Securities Commission has published its business plan for the coming year, highlighting its commitment to the passport system.

In the plan, the commission notes that one of its top priorities “will be to continue nurturing the growing securities regulatory system set in motion by the Provincial/Territorial [memorandum of understanding] Regarding Securities Regulation adopted in 2004 by all the provinces and territories, with the exception of Ontario, in a way that achieves its mandate for investor protection and efficient operation of capital markets.”

It also reports on the priorities of the commission’s various branches, which includes meeting their obligations under the passport system.

Among other things, the Capital Markets branch will also be focusing on registration reform and implementation of the registration portion of the passport system.

The Corporate Finance branch is to target implementation of new prospectus disclosure requirements, continuous disclosure reviews and reviewing regulatory filings.

The Enforcement, Compliance and Investor Education branch will be increasing compliance reviews, trying to detect misconduct and bring more cases for prosecution, and implementing an investor education program, among other things.

IE