The new “passport” system of securities regulation coming into effect on Mar. 17 is designed to streamline the red tape associated with filing a prospectus or requesting a regulatory exemption. But, critics say, it is not an adequate substitute for a national regulator.The passport system — which is being adopted by all the provinces except […]
Regulators introduce streamlined review policies for passport jurisdictions and Ontario
System builds on what already works, Jérôme-Forget tells IFIC conference
Concept is to create interfaces that give market participants full access
Ministers to examine separating adjudicative and regulatory functions
Smith defends passport model
Harmonized regulatory framework part of passport system
Submissions due June 8
Proposed rule is expected to be finalized by the end of 2007 and implemented in stages starting in early 2008
Amendments advance harmonization and streamlining of securities legislation across Canada