Falherty Begins Process Towards a Single Securities Regulator

[M.Dancer]

A major hurdle companies face when deciding to go public in order to raise capital to expand is the myriad regulatory bodies they must comply with. Given that 99% of the provincial regulatros mirror the Ontario rules the exraneous provincial bodies are simply redundant, offer no new protection to shareholders or issuers and impede economic growth.

OTTAWA — Finance Minister Jim Flaherty Thursday appointed an “expert panel” to probe securities regulation in Canada, the latest move on the issue of a common regulator.

“I am asking the panel to develop a model common securities act to create a Canadian advantage in global capital markets,” Mr. Flaherty said

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[geoffrey]

There is two sides to this one Dancer. All provinces except for Ontario agreed to have the same rules and recognize each other's decisions. It's Ontario that won't let go, not the rest of the provinces. The other 12 have agreed with this already.

Why won't Ontario go along? Because they want the power. Not that it's much real power anyways.

[M.Dancer]

There is two sides to this one Dancer. All provinces except for Ontario agreed to have the same rules and recognize each other's decisions. It's Ontario that won't let go, not the rest of the provinces. The other 12 have agreed with this already.

Why won't Ontario go along? Because they want the power. Not that it's much real power anyways.

They way I see it it doesn't matter which provincial regulator is the monkeywrench...therevshould be one federal regulator....(located in toronto)

[White Doors]

They way I see it it doesn't matter which provincial regulator is the monkeywrench...therevshould be one federal regulator....(located in toronto)

agreed. We also need to emulate the BC Alberta free trade/labour agreement and have it emplemented in all provinces.

[Sean Hayward]

Both these topics, a common securities regulator and a national free trade agreement, relate to the broader issue of the economic union, something which has been forgotten by politicians for too long. It is encouraging that the Conservative government is now looking into strengthening the economic union. I agree that something along the lines of the TILMA (the trade agreement between British Columbia and Alberta) should be developed for all of Canada and implemented by the federal government. Isn't that the nature of an economic union? And a single Canadian securities regulator is something that is long overdue and necessary for Canada's economic progress.