July 22, 2016 – The ministers responsible for capital markets regulation in several Canadian jurisdictions and the minister of finance of Canada have chosen the Authority's board of directors and announced timelines. Once created, the Authority will be the single regulator administering the proposed uniform provincial-territorial Capital Markets Act and complementary federal Capital Markets Stability Act. When passed, these acts would form the legislative cornerstones of the new Cooperative Capital Markets Regulatory System.
Cabinet proclaimed the Personal Property Security Registry (Electronic) Amendments Act and approved the related regulations yesterday, paving the way for the Government of Yukon to adopt a modern, electronic registry, effective June 27.
The Department of Finance Canada today released for public comment a revised consultation draft of the Capital Markets Stability Act. This proposed capital markets legislation addresses national data collection, systemic risk related to capital markets and criminal enforcement.
The Governments of British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island, Yukon and Canada invite comments on the revised consultation draft. Comments can be submitted on the website of the Cooperative Capital Markets Regulatory System at http://www.ccmr-ocrmc.ca/ by July 6, 2016.
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