On July 9, 2014, on what Finance Minister Joe Oliver called
"a landmark day" for reforming Canada's capital
markets regulatory regime, the federal government announced that
Saskatchewan and New Brunswick had agreed to join Canada, British
Columbia and Ontario in the Cooperative Capital Markets Regulatory
System (CCMR). The announcement follows on the September 19, 2013
agreement-in-principle between the governments of Canada, British
Columbia and Ontario to jointly establish a single operationally
independent cooperative regulator to administer provincial and
federal capital markets legislation. With the addition of
Saskatchewan and New Brunswick, the federal government can now
boast that four provinces, representing approximately
three-quarters of Canadian listed companies with a market
capitalization of almost 53 percent, have agreed to sign on to the
initiative. At the same time, the federal government renewed its
invitation to all other provinces and territories
