Canada to press on with plan for national securities regulator: FM

Canada's Finance Minister Bill Morneau, pictured November 4, 2015, favors a collaborative national securities regulatorCanada’s new Liberal government will press ahead with plans for a national securities regulator to replace a patchwork of regional watchdogs and rules, Finance Minister Bill Morneau said Monday. The previous Tory government had announced the creation of a national securities regulator in 2013, but it was far less ambitious than envisioned as it initially replaced only the securities commissions of Ontario and British Columbia. “We do favor (a) collaborative national securities regulator,” Morneau told reporters in Halifax at the start of a nationwide tour discussing his upcoming first budget.

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