CMAIO operations have been paused and staff laid off
The Ontario government, elected last June, has a policy of deregulation in general, but also is willing to interfere with policy-making directly
Many hurdles remain for the CMRA before it becomes a reality
With the constitutional challenge resolved, there’s still lots to be done in creating a national regulator
A divided industry awaits SCC ruling on national regulator
A paper from the C.D. Howe Institute states the proposed national securities regulator could be a step backward
The Capital Markets Regulatory Authority will lack the ability to unilaterally impose its regulatory authority across the country
Court rules that proposed mechanism for amending securities laws “fetters the parliamentary sovereignty of the participating provinces
The chief regulator of the proposed CMRA believes Alberta, Quebec and other provinces will consider joining the initiative once it proves successful
Fundamental tension persits