Amendments advance harmonization and streamlining of securities legislation across Canada
Industry association call passport a “positive first interim step”
But the Council of Ministers of Securities Regulation notes that there's a standing invitation for the holdout province to join
All jurisdictions committed to introducing “passport tools”
Flaherty announces new collaborative steps with provincial and territorial finance ministers
Most provinces committed to getting their legislation in place
Changes would help implement passport system of regulation
Council of Ministers extend invitation to Ontario
Alberta has introduced legislation that it says enhances protection for investors and further harmonizes Alberta with Canadian capital markets by introducing civil liability for secondary market disclosure, and introducing changes to help implement the passport system.Bill 25, the Securities Amendment Act, 2006, strengthens protection for investors against false and misleading information issued by companies operating […]
Investor protection will be enhanced and red tape will be reduced as a result of a British Columbia government decision to continue to work with other provinces and territories to support the regulatory “passport” agreement, B.C. Attorney General Wally Oppal announced Friday.Provincial ministers responsible for securities meeting in Victoria last week affirmed the commitment of […]