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Monday, October 17, 2011

Provincial Securities Commissions Raises Concerns Over Possible Federal Regulator

The federal government could play a role in securities regulation - so says the Chair of the New Brunswick Securities Commission.

But David Barry tells CHSJ News the provincial commissions do have concerns about the effect a national regulator would have.

He says one of the most important issue is maintaining the ability to develop our own capitol markets. 
Other issues include enforcement, investment protection, and education.

He believes provincial commissions are ideal to deliver key services.

The Supreme Court of Canada will be deciding in the coming weeks as to whether the federal government can be involved in securities regulation.