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Another Nail in the Coffin – Report of C.D. Howe Institute on the Capital Markets Regulatory Authority

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Sep 22, 2017

On September 22, 2017, Norton Rose Fulbright Canada LLP released an article on how many have called for the creation of a single national regulator that would oversee Canada’s capital markets. In recent years, a newly proposed regulatory body, the Capital Markets Regulatory Authority (CMRA), has been gaining traction. With a launch date scheduled for late 2018, many long-time advocates of a national regulator feel hopeful that a new era is around the corner.

However, a newly released report from the C.D. Howe Institute suggests that that hope may be misplaced. According to the report, the CMRA, which has the support of the federal government, Ontario, British Columbia, Saskatchewan, Prince Edward Island, and New Brunswick, is the product of significant concessions and compromises, lacks the ability to impose regulatory authority across the country, and may ultimately be unsuccessful.

Review the full article on Norton Rose Fulbright's website and the report on C.D. Howe Institute's website.

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