Warns of danger in falling behind best practices in shareholder rights
Move will create more efficient regulatory system
Guidelines targeted toward international financial regulators
There should not be "regulatory arbitrage" that provides an incentive for the sale of one product over another
Proposed amendments intended to harmonize processes with those in other Canadian jurisdictions
Companies provided inaccurate and misleading information along with other violations
Recommended best practices designed to promote better understanding of compliance challenges
BCSC chairman Doug Hyndman calls the case a "precedent-setting" one for the commission
The Committee on Capital Markets Regulation will conduct a story on how to improve U.S. public market competitiveness
But panel rejects NASD Enforcement's call for sanctions in the amount of the total directed brokerage payments