Canada's fragmented, provincially-based securities regulatory system is facing domestic and international pressures to become more coherent and efficient. This paper outlines various factors and proposals, concluding that the system must become nationally-based, but only if the change is properly planned, implemented and administered. There should be uniform (or, at least, coordinated) legislation, with federal and provincial joint delegation to a single commission. Interprovincial coordination must improve before, during and after the change. While feasibility requires most provinces to participate, the scheme should not be rejected if unanimity is lacking. Although important, regional autonomy cannot be allowed to outweigh national authority. Market participants will be somewhat reassured if presented with a realistic transitional plan and definite time-table. A national system should proceed only if the federal and provincial governments can plan and implement it with common sense and without damaging compromises.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.27448 |
| Date | January 1996 |
| Creators | Doyle, Kathleen M. |
| Contributors | Johnston, D. L. (advisor) |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Master of Laws (Institute of Comparative Law.) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 001549852, proquestno: MQ29823, Theses scanned by UMI/ProQuest. |
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