Canada: the proposed national securities regulator - Supreme Court judgment due this week

Last year proposals for the creation of a national securities regulator for the provinces and territories of Canada were published and a reference was made to the Supreme Court in order to determine whether the proposed Securities Act was within the legislative authority of Canada's Parliament. The Supreme Court has announced that its decision will be given on Thursday this week: see here.

An overview of the proposed Act is available here and further information is available here. The Government's proposals build on the recommendations of the Expert Panel on Securities Regulation, which published its final report in 2009.