The recent recommendation from the Expert Panel on Securities Regulation, led by former federal cabinet minister Thomas Hockin, regarding the formation of a national securities regulator for Canada has been a long time coming.

About 40 years of prior debate and research preceded this panel’s 11 months of deliberations which culminated in a forgone conclusion that a single, national securities regulator would be more efficient and effective than the current 13 provincial securities regulatory organizations.

Today, Canada is the only Group of Seven member without a single national securities watchdog. Even with this new recommendation, it is na



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