One-year extension means CSTO will close in July 2013
In light of the Supreme Court’s recent decision that proposed federal legislation is unconstitutional, the big question is: Where do we go from here?
CSTO continuing work to build new regulator
CSTO intends to adapt existing harmonized provincial rules
Formal agreements with provinces not needed at this stage, CSTO says
Expenses were $1.1 million below budget
CSTO transition plan does not alter Quebec’s opposition
CSTO sets out timelines and details for July 2012 launch of single securities regulator
Proposed legislation contemplates a mix of new and existing functions
Legal challenges expected to be resolved within a year