But without certainty a Canada\u002Dwide regulator will actually happen — after 10 years of study — task force chair says it must press ahead
Ontario is one of the participants in the proposed Canadian securities regulator, along with British Columbia, Saskatchewan, New Brunswick, Nova Scotia, Prince Edward Island, Yukon and the federal government.
Included among the task force’s 47 policy proposals thus far is a recommendation to split the regulatory and adjudicative functions of the Ontario Securities Commission and to separate its chair and chief executive positions.Article content continued “There is a growing consensus among policy-makers and legal experts, including a number of previous expert panels on Ontario’s capital markets, that a bifurcated model, with the regulatory and administrative functions separated, aligns with proper corporate governance practice,” the task force’s report says.
A spokesperson for Ontario’s Ministry of Finance said in an email that they “continue to engage with other jurisdictions participating in the CCMR initiative, as well as with the Capital Markets Authority Implementation Organization, the organization responsible for assisting governments with the implementation of CCMR.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Frothiness of this market has been worrisome': Tesla's market ride reflects larger forces at workCarmaker shares lose momentum despite strong results as skittish investors switch gears
Read more »
Dr. Tam says Ottawa, experts discussing COVID-19 vaccine orders amid concerns of delayDr. Theresa Tam said an independent vaccine task force is advising the government on options for Canada’s choice of vaccine, including exploring the possibility of manufacturing a potential pandemic cure at home
Read more »
New Zealand suspends extradition treaty with Hong KongTravel advice has been updated to alert New Zealanders to the risks presented by the new security law
Read more »
Trump's national security adviser has coronavirusPresident Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus -- making him the highest-ranking official to test positive so far.
Read more »
Meng Wanzhou’s lawyers argue document disclosure wouldn’t harm Canada’s national securityMeng Wanzhou is wanted on fraud charges in New York, but she denies the allegations against her
Read more »
Trump's national security adviser Robert O'Brien has coronavirusU.S. President Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus - making him the highest-ranking official to test positive so far.
Read more »