Nancy Hopkins, Q.C., (Hon) CPA has been appointed to the Cooperative Capital Markets Regulatory System. The Cooperative System is designed to streamline the capital markets regulatory framework to protect investors, foster efficient capital markets and manage systemic risk while preserving strengths of the current system. The Ministers responsible for capital markets regulation in British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island and Yukon, and the Minister of Finance of Canada, have chosen the Capital Markets Regulatory Authority’s initial board of directors and set new timelines for implementing the Authority.
Once created, the Authority will be the single regulator administering the proposed uniform provincial-territorial Capital Markets Act and complementary federal Capital Markets Stability Act. When passed, these acts would form the legislative cornerstones of the new Cooperative Capital Markets Regulatory System.
To read the press release regarding this announcement from the Cooperative Capital Markets Regulatory System, please visit the site.
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