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Financial experts divided on new national securities regulator

Friday, October 27, 2017 @ 8:45 AM | By Donalee Moulton

Plans to launch a new securities regulator next year are both premature and flawed, according to a new report from the C.D. Howe Institute in Toronto. In its current form the proposed Capital Markets Regulatory Authority (CMRA) is significantly compromised and lacks the clout to unilaterally impose its authority across the country, a fundamental necessity of a single regulator, author Harvey Naglie argues in his report, “Not Ready for Prime Time: Canada’s Proposed New Securities Regulator.”

Harvey Naglie, consultant and former senior policy adviser with the...