Traders to benefit from Canadian securities regulator

Author: | Published: 28 Sep 2011

Canadian securities traders are likely to see a decrease in compliance costs resulting from regulatory inefficiencies if a national securities regulator is approved by the Supreme Court of Canada and adopted by the federal government.
According to Torys partner Glen Johnson, separate regulators impose higher fee structures to make up for structural inefficiencies, while additional compliance costs and legal fees are paid by issuers and dealers to navigate through provincial inconsistencies.
Canada’s 13 provincial and territorial regulators have mostly harmonised their rules through the Canadian Securities Administrators’ Policy Coordination Committee launched...