Q23: Will a Canadian federal law enabling a national securities regulator be passed by the end of 2015?
Yes: 75%
No: 25%
The Conservative government has been pushing for the creation of a national securities regulator, called the Cooperative Capital Markets Regulatory System (CCRMS). Five provinces have agreed to join the initiative. According to the CCRMS website, federal legislation should be enacted by June 30 of this year.
There seems to be some suggestion that the deadlines regarding the CCRMS are overly optimistic. This is certainly believable, but there is a lot of room for the legislation to be passed before then. It is also possible that it might be derailed by a change in government or an unfavourable court result (like the last attempt at a national securities regulator). Still, I think the legislation will be passed by the end of the year.
I was inspired by this article, which was making a valid but somewhat different point.
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