“Is the Proposed Canadian Securities Act Within the Legislative Authority of the Parliament of Canada?”
Today’s a day that Phil Anisman must have wondered whether he would see. Back in 1979, he published Proposals for a securities market law for Canada.
A national Securities Bill unveiled, a Canadian Securities Regulatory Authority established and the scheme instantly referred to the Supreme Court of Canada.
As the preamble says:
- capital markets affect the well-being and prosperity of all Canadians;
- capital markets are increasingly national and international in scope;
- capital markets are rapidly evolving and include increasingly complex financial products and methods of distribution and trading;
- it is important for Canada to have competitive capital markets and