The Canadian Department of Finance announced yesterday that Yukon
has now joined the Cooperative Capital Markets Regulatory System.
The project now includes British Columbia, Ontario, Saskatchewan,
New Brunswick, and Prince Edward Island, Yukon and the federal
government.
The Department of Finance also announced the members of the
nominating committee that will recommend candidates for the initial
board of directors to the
Capital Markets Regulatory Authority. Participating
jurisdictions also intend to release updated consultation draft
federal, provincial and territorial capital markets legislation and
draft initial regulations this summer.
For more information on the proposed regime, see our posts on
the
infrastructure of the proposed new regime, the
proposed provincial acts, and the
effects of the proposals on derivatives
regulation.
