Tag Archives: Securities regulation

IIAC’s Response to Proposed Guidance on Marketplace Thresholds (IIAC Blog)

IIAC’s Response to Proposed Guidance on Marketplace Thresholds (IIAC Blog)

The IIAC has submitted comments to the Investment Industry Regulatory Organization of Canada (IIROC) on the proposed guidance requiring Canadian exchanges and alternative trading systems to establish specific price thresholds that, when breached, would trigger a halt in trading in the event a particular stock experiences rapid and unexplained price movement over a short period of time.

The IIAC generally supports the principles of the guidance, but voiced significant concern with the requirement that dealers tailor their individual order flow so as to avoid exceeding the marketplace threshold for a particular security.

In our view, adding … Continue reading

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Regulatory Map of Canada

Regulatory Map of Canada

Regulation of Canada’s investment industry is, well, confusing – to put it mildly.  CIFP has created an easy-to-use, interactive map aimed at simplifying the layers (and layers) of regulatory oversight in this country.  All users have to do is click on a province or territory, and a drop-down menu appears with a hyperlinked list of regulators in each region.  There’s also an option to click on the Canadian flag for a list of the oversight bodies at the national level.

Although this is straightforward, navigating the map is yet another reminder of why Canada needs a cooperative … Continue reading

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Ian Russell on BNN

Ian Russell on BNN

Ian Russell did numerous interviews across the country yesterday and made the case that with New Brunswick, Ontario, Saskatchewan and B.C. –  approximately half of domestic capital market activity – now participating in the Cooperative Capital Markets Regulatory System (CCMRS), Ottawa has the critical mass needed to proceed.

One of his interviews was on BNN.

 

 

 

 

 

 

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IIAC: Federal Government has Critical Mass Needed to Proceed with Cooperative Capital Markets Regulatory System

IIAC: Federal Government has Critical Mass Needed to Proceed with Cooperative Capital Markets Regulatory System

In response to today’s announcement by federal Finance Minister Joe Oliver that Saskatchewan and New Brunswick have agreed to join British Columbia, Ontario and the federal government as participants in the Cooperative Capital Markets Regulatory System, the IIAC issued the following news release: 

Toronto, Wednesday, July 9, 2014 – Ian Russell, President and CEO, the Investment Industry Association of Canada (IIAC), is calling today’s announcement regarding the Cooperative Capital Markets Regulatory System a hard-fought victory that signals an end to the archaic and fragmented patchwork of 13 provincial and territorial securities watchdogs overseeing Canada’s markets.

A long-time proponent … Continue reading

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