Saturday, October 25th7.4°C
23888
23004

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

23028


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23433

FEATURED Property
2101301327 Stellar Drive
4 bedrooms 5 baths
$675,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22632