Interprovincial Securities Framework
Reform of the current Canadian Securities System
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2018 Progress Report

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Speeches

Speeches by CSA Chairs

Speeches by Council Ministers / Taskforce Members

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Legislation

Jurisdictions have been working to develop and adopt legislation in a number of areas in an effort to co-ordinate and harmonize securities laws in the following key areas:

  • Mutual recognition and delegation powers to facilitate the “passport system” and inter-jurisdictional arrangements generally [already adopted in Alberta and Nova Scotia, and similar provisions adopted in Quebec]

  • Civil liability provisions based on Ontario’s civil liability regime

  • Targeted amendments to securities legislation to harmonize key provisions to complement initiatives of the Canadian Securities Administrators.

In addition, several jurisdictions are pursing other investor protection/enforcement-related provisions.

As provinces introduce such legislation in their respective legislatures, notices and links to the legislation will be posted below.

  • March 19, 2007:
    Alberta introduced the Securities Amendment Act, 2007, which includes amendments to enhance the securities passport system, and further harmonize and streamline Alberta’s securities laws with other Canadian jurisdictions.

  • June 1, 2006:
    The Securities Amendment Act 2005, which includes provisions to facilitate the passport system of securities regulation, came into force in Saskatchewan.

  • May 18, 2006:
    British Columbia enacted the Securities Amendment Act, 2006 to enhance investor protection and reduce regulatory burden for market participants. The new legislation includes innovative new provisions to protect investors, amendments that will streamline the legislation and increase harmonization with other provinces and additional legislative tools that will enable the province to continue to work with other jurisdictions on the expansion of the Canadian passport initiative.  [Press Release]

  • March 23, 2006:
    Alberta introduced The Securities Amendment Act, 2006, which further harmonizes and streamlines the province’s securities laws with other jurisdictions. The legislation amends or repeals a number of provisions currently within Alberta’s Securities Act, and places them into harmonized rules. [Press release]

  • November 22, 2005:
    Manitoba introduced Bill 17 - The Securities Amendment Act.

  • November 16, 2005:
    Saskatchewan introduced The Securities Amendment Act, 2005 which includes provisions to facilitate the passport system of securities regulation.

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