BUSA 364 Lecture Notes - Lecture 4: Jim Flaherty, Kevin Falcon, Ron Liepert
3 Apr 2016
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Last updated monday, sep. 10, 2012 1:25pm edt. The supreme court of canada has blocked the federal government"s attempt to create a national securities regulator, and its ruling is lengthy. Rather than read the entire thing yourself, we thought you might want to know the key points, quick and dirty. As the court pointed out, this wasn"t a ruling on public policy. These three get to what the court deemed to be the heart of the case: whether canada has shown that the proposed act for a national regulator addresses a matter of national importance and scope, distinct from provincial concerns. Regarding trade as a whole, the court said it needed proof that regulating every aspect of securities trading isn"t simply an industry-specific matter. It also needed proof that securities regulation had changed so much that a new federal act was required.
