In September 2014, the federal government and British Columbia, New Brunswick, Ontario, Prince Edward Island and Saskatchewan governments signed a memorandum of agreement to formalize the terms and conditions of a new proposed cooperative capital markets regulatory system. The Yukon Territory agreed to join in April, 2015.

The new proposed cooperative system has emerged in the wake of the 2011 Supreme Court of Canada decision which defeated the Canadian government's previous initiative to establish a single national securities regulator.
 
Consultation drafts of the new proposed uniform provincial capital markets legislation (Capital Markets Act) and federal legislation (Capital Markets Stability Act) were released for comment in September 2014. Following that comment period, a revised draft of the Capital Markets Act, and draft regulations to be made under that Act, were released for comment in August 2015, with the comment period ending December 23, 2015.
 

BLAKES BULLETINS AND SUBMISSIONS ON THE COOPERATIVE MARKETS REGULATORY 
Our bulletin series will continue to provide regular updates.

Proposed New Capital Markets Act and Regulations



 
 
 
 
11/09/2015


 


The First Draft of the New Regime

New Cooperative Capital Markets Regulator: How It Works (And Some Unresolved Issues)
10/23/2014

Public Offerings and Continuous Disclosure under Cooperative Capital Markets Regulatory System: Tip of the Iceberg
12/08/2014

Cooperative Capital Markets Regulatory System’s Approach to Take-over Bids and Issuer Bids
12/05/2014 

A War Measures Act for Canada’s Financial System: Regulation of Systemic Risk by Cooperative Capital Markets Regulator​​
12/04/2014

New Cooperative Capital Markets Regulatory System: Proposed Changes to Regulatory and Criminal Enforcement​
12/02/2014

Regulation of Derivatives Trading Under the Proposed Canadian Cooperative Capital Markets Regulatory System
11/28/2014

New Cooperative Capital Markets Rules Affect Civil Liability for Misrepresentation, Insider Trading
11/20/2014

New Proposed Provincial Capital Markets Legislation: What It Means for Registrants and Other Market Participants
11/03/2014
 

Too Many Changes, More Consultation Required: Comments on Proposed Cooperative Capital Markets Legislation
04/02/2015

Commenters Don’t Hold Back: Responses to Civil Liability and Enforcement Provisions of Draft Cooperative Capital Markets Legislation
04/06/2015

Comment Letters on Proposed Federal Systemic Risk Legislation Raise Significant Concerns
05/18/2015

Cooperative Capital Markets Regulatory System Delayed by One Year
05/20/2015

Blakes Submissions on the Cooperative Markets Legislation
12/08/2014
 


 

How We Got Here

Cooperative Capital Markets Regulatory System Agreement and Draft Legislation Released
09/17/2014

Saskatchewan and New Brunswick Join the Cooperative Capital Markets Regulatory System
07/10/2014​ 

Canadian Federal Government, Ontario and British Columbia Announce Cooperative Capital Markets System
09/20/2013

Supreme Court Finds Against National Securities Regulator
12/22/2011

​​