Congratulations to Finance Minister Joe Ceci for saying no to a national securities regulator. Ceci astutely concluded that, “a unique economy deserves a unique regulator.”
The proof of this goes all the way back to the creation of the Alberta Stock Exchange. Our province possessed natural resource assets. In order to develop the assets, an enormous amount of capital was required. The Toronto Stock Exchange and its Central Canada regulator did not provide an appropriate venue for this capital to be raised. The entrepreneurs and regulators in Alberta instead developed their own capital markets.
DARRIN HOPKINS – Calgary Herald – April 02, 2016.
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