ADMS 2610 Chapter Notes - Chapter 3: Ontario Securities Commission, Businessperson

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Robert Levine

Document Summary

Includes laws, rules, decisions, directives of public officials, boards, agencies, officials and commissions. Generally set out broad policy objectives of government then delegate the enforcement of the policy to an entity that is created to administer the policy and ensure compliance with it by affected parties. Allowed to set their own procedures and rules to carry out their public policy goals. Regulatory control of professions and skilled service providers. Business persons or trades: legislation may designate a branch of a particular ministry of the government to handle the regulation of the individuals. Policy goals: certification or entry requirements, education and training process set up, registration or licensing process. Body has the right to revocation of licenses. Regulate the relationship between labour unions, the employees they represent and employers. Securities regulation: provincial securities legislature sets out requirements for the issue of securities to the public, regulation of investment dealers and brokers, ontario securities commission administers the provincial securities.