PHI 2397 Lecture 9: PHI2397-Course9
9 Jun 2017
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Document Summary
Finance minister says ottawa supports national securities regulator . The globe and mail, report on business, jan. 11, 2016. Matter that was decided by the supreme court of canada. The conservative gouv had the aim of setting up in canada a federal regulatory agency. Every country has a regulatory agency but canada doesn"t have one. The regularities don"t exist in the federal gouv, but the each provincial gouv. The federal gouv want to have a regulatory agency but the prov gouv said that is their territory. So they want to the supreme court of canada to make a decision on who can have it. Issue: constitutionality of setting up federal regulatory agency for stock markets; Decision: law and agency unconstitutional, oversteps provincial jurisdiction. New concerns about stock markets: re fairness, protection for investors: Domino effect of default affecting entire system: systemic risk. Fed. gov"t authority for interprovincial & international commerce. Remaining matters to provincial authority - property ownership, etc.
