In Canada, a group called the Expert Panel on Securities Regulation, established by Finance Minister Jim Flaherty in February, is working to create a new model for a national securities regulator, and a road map to replacing the country’s fragmented system of 13 provincial and territorial securities commissions.
Canwest News Service reports that firms presenting to the panel include most of Canada’s biggest banks, as well as JPMorgan Chase, Merrill Lynch & Co., and NYSE Regulation Inc. An interim report says final recommendations will be delivered by the end of the year, possibly as early as this fall. The panel’s focus is on improving Canada’s ability to crack down on market crimes, and improving widespread negative views of the current status of the enforcement of securities law in Canada.
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[…] and bureaucracy and bolster Canada’s international reputation. As previously discussed here, it is also intended to improve Canada’s ability to crack down on market crimes, and improve […]