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ARTICLE · 10 JUNE 2010

Canadian Government Releases Proposed Canadian Securities Act

Blake, Cassels & Graydon LLP
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On May 26, 2010, the federal Canadian Department of Finance (Finance) released a proposed draft Canadian Securities Act (the Proposed Act).

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Copyright 2010, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, June 2010

On May 26, 2010, the federal Canadian Department of Finance (Finance) released a proposed draft Canadian Securities Act (the Proposed Act). The Proposed Act was drafted by the Canadian Securities Transition Office (the CSTO), a body established by the Government of Canada in July 2009 to assist in establishing a Canadian securities regulator.

Representatives from 10 of the 13 provinces and territories of Canada (collectively, the Participating Jurisdictions) assisted the CSTO in developing the Proposed Act. The provinces of Alberta, Manitoba and Quebec have to date not participated in the development of the Proposed Act or the federal securities regulatory regime.

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