Tuesday, October 21st13.0°C
23836
22952

With Saskatchewan, N.B. on board, Ottawa says national regulator soon a reality

OTTAWA - Ottawa says it now has four provinces ready to sign on to create a national securities regulator, with the new office overseeing financial markets expected to be operational by the fall of 2015.

Representatives of Saskatchewan and New Brunswick say they are joining Ontario and British Columbia in an agreement for the formation of a national body to jointly police securities and capital markets.

The four provinces represent about 55 per cent of the value of capital markets, officials say.

That still leaves six provinces out of the scheme — with Alberta and Quebec the key hold-outs — but officials say they continue to make attempts to bring others into the national body.

The government says it plans to issue initial draft regulations for public comment on the co-operative legislation involving the four provinces by Dec. 19.

By the end of next June, the plan is to have the four provinces enact legislation affirming the deal and for the joint Capital Markets Regulator to be operational by the fall of 2015.

The Canadian Press


Read more Business News

23658


Recent Trending




Today's Market
S&P TSX14547.71+209.94
S&P CDNX822.2810.93
DJIA16614.81215.14
Nasdaq4419.479+103.404
S&P 5001941.28+37.27
CDN Dollar0.8914+0.0005
Gold1249.20-2.50
Oil82.17+0.21
Lumber329.70+0.10
Natural Gas3.687-0.024

 
Okanagan Companies
Pacific Safety0.100.00
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.05
Cantex0.055-0.025
Anavex Life Sciences0.192+0.001
Metalex Ventures0.045-0.005
Russel Metals33.09+0.81
Copper Mountain Mining2.17+0.18
Colorado Resources0.150.00
ReliaBrand Inc0.012+0.0009
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



23708

FEATURED Property
1991615#6-6267 Sundstrom Court
6 bedrooms 4 baths
$684,969
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


23121