National securities regulator not constitutionally legal
National and provincial regulators will have more to deal with in 2012 than they’ve had in quite some time
Top court says it will rule on the issue of a national securities regulator on Thursday
If the Supreme Court of Canada rules that Ottawa does have jurisdiction to create a single regulator, Alberta is ready to co-operate, finance minister says
Supreme Court is expected to rule on the case later this year
Current system works well, IRPP study suggests
Ottawa is opposed by six provincial governments
The Supreme Court of Canada’s hearing on the constitutionality of the national regulator may finally provide a resolution on the issue
The Quebec government says that with six provinces now opposing the creation of a national securities regulator, it was right to resist the federal effort.Alberta, British Columbia, Manitoba, New Brunswick, and Saskatchewan have joined Quebec, in filing briefs with the Supreme Court of Canada opposing the federal government’s proposal. Ontario is the only province that […]
Source: The Canadian PressManitoba is joining the fight against a federal government proposal for a single national securities regulator.Finance Minister Rosann Wowchuk says the province will appear before the Supreme Court of Canada in April as an intervener and file a written brief.Wowchuk says securities regulation must remain with the provinces so they can address […]