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Wednesday 24 June 2009 OTTAWA: SINGLE SECURITIES REGULATOR NEARER
Federal Finance Minister Jim Flaherty has announced the creation of a transition team that will establish a single national securities regulator. B.C. Securities Commission head Doug Hyndman will also head the transition team. The minister says that the creation of a single regulator has been one of the governing Conservative Party's priorities since being elected in January 2006. At present each of the 13 provinces and territories has its own regulator. Several of the provinces, including Quebec and Alberta, strenuously object to the concept which Mr. Flaherty insists is necessary to enable financial markets to operate efficiently.

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