Finance Minister Jim Flaherty has created a transition that will spend the next year planning the integration of provincial securities regulators into a single national regulator.
Flaherty has appointed Doug Hyndman, chair of the B.C. Securities Commission, to lead the transition office. Hyndman was initially against the idea of a national regulator, but will now work with the government to make it happen.
Initial concern over the new regulator included fears of yet another Toronto-based body setting rules for the rest of the country. Many hope that Hydman’s appointment will give a voice to the other regions, and that the new agency will be less Ontario centric.
Read more in today’s Globe and Mail.
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