New Brunswick And Saskatchewan Join Cooperative Securities Regulator Initiative

The federal government's most recent initiative to create a cooperative capital markets regulatory system for Canada took another step forward today with the announcement that New Brunswick and Saskatchewan had signed on to the existing agreement to join the Cooperative Capital Markets Regulatory System.

New Brunswick and Saskatchewan join Ontario and British Columbia as parties to an agreement in principle (the "Agreement") which calls for the development of, among other things:

1. uniform legislation for each participating province or territory that would address all capital markets regulatory matters under provincial or territorial jurisdiction;
2. complementary federal legislation to apply across Canada that would address criminal matters and those relating to systemic risk and national data collection; and