JURIST Supported by the University of Pittsburgh

THIS DAY AT LAW
Today in legal history...

Thursday, May 26, 2011

Canadian finance minister proposed national securities regulator
Dwyer Arce at 12:00 AM ET

On May 26, 2010, Canadian Finance Minister Jim Flaherty introduced legislation to establish a single national securities regulatory body to replace the current system managed by individual provinces and territories. The Canadian Securities Act would establish the Canadian Securities Regulatory Authority (CSRA), replacing the "passport" system, which allows provincial authorities to issue registration recognized nationwide, with a single national authority with voluntary provincial participation. The legislation would also redefine securities-related criminal offenses that would apply even in provinces not participating in the CRSA and would give concurrent prosecutorial jurisdiction to the federal and provincial governments. The legislation was then submitted to the Supreme Court of Canada to rule on the proposal's constitutionality, a process that is still underway. The governments of Quebec, Alberta and Manitoba have been critical of the legislation, prompting court challenges.


Canadian flag

Learn more about Canada from the JURIST news archive.




Link post | IM post | go to JURIST | © JURIST, 2011


LATEST DAYS

 Patent of Toleration grants religious freedom to Protestants in Holy Roman Empire
October 20, 2014

 Archibald Cox fired as Watergate prosecutor in the "Saturday Night Massacre"
October 20, 2014

 click for more...

SYNDICATION

Add This Day at Law to your RSS reader or personalized portal:
  • Add to Google
  • Add to My Yahoo!
  • Subscribe with Bloglines
  • Add to My AOL

E-MAIL

Subscribe to This Day at Law alerts via R|mail. Enter your e-mail address below. After subscribing and being returned to this page, please check your e-mail for a confirmation message.
MyBlogAlerts also e-mails alerts of new This Day at Law entries. It's free and fast, but ad-based.

CONTACT

This Day at Law welcomes reader comments, tips, URLs, updates and corrections. E-mail us at archives@jurist.org