Green Eggs and Securities Ham
|Area||Corporate Finance and Securities|
Article originally published in the Canadian Lawyer Magazine, January 2019
Excerpt from "Green Eggs and Securities Ham":
Patience has marked the path to a co-ordinated Canadian approach to securities regulation. Due to the constitutional division of powers, which allocates responsibility for property and civil rights — and hence authority to legislate in relation to securities matters — to the provinces, Canada is one of the few industrialized countries without a national securities regulator. There are some harmonized rules among the jurisdictions to standardize certain aspects of securities regulation and a “passport regime” that allows issuers to deal with multiple jurisdictions through a single regulator, but the efforts to centralize securities regulation are still unrealized, despite going on for many years.