10 reasons Canada needs a single regulator
Advisors, investors and markets would all benefit
MoneySense at the MoneyShow: ETFs & Investing Strategies
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Advisors, investors and markets would all benefit from a single national regulator, says IIAC in its recent newsletter.
So, the organization has outlined the regulatory problems Canada faces under its current regime. In a table including ten categories, such as registration matters and enforcement, IIAC looks at why a national regulator is the solution to several key challenges.
For example, we currently have 13 separate, provincial regulators that use Securities Acts that are only partially harmonized. When it comes to proficiency requirements of advisors, says IIAC, “regulators in each jurisdiction may have different views or interpretations of the rules, which can result in delays in obtaining registration [in multiple jurisdictions].”
Further, enforcement of regulations across provinces is inefficient, given Commissions often struggle to launch coordinated investigative efforts. That’s a problem since “many contraventions involve inter-provincial securities distributions,” says IIAC. —Advisor.ca
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
Nvidia’s earnings: Blackwell AI chips play into (another) stock price rise
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips.
Bitcoin approaches USD$100,000 as post-election rally continues
The world’s biggest cryptocurrency topped USD$98,000 on Nov. 21. As it inches ever closer to six figures, investors wonder:...
Canada’s inflation rate increased to 2% in October
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Inflation is on target in Canada, so why is food (and other stuff) still so expensive?
Why Canadians are still feeling the squeeze of high food costs, and what to do about it.
Deal or no deal: What to know before shopping Black Friday and Cyber Monday sales
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
Where are rent prices headed in Canada?
A new Desjardins report predicts rent inflation will slow in the next few years.
Couldn’t get Eras Tour tickets? Industry practices, lack of competition could be to blame
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...
Suncor Energy boosts dividend, earnings rise to $2.02 billion in Q3
The oilsands giant will return all excess cash to shareholders after hitting debt target early.