ARTICLE
9 January 2012

Supreme Court Finds Federal Government Out Of Bounds With National Regulator Proposal

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The Supreme Court of Canada ruled today that the proposed Canadian Securities Act is outside the jurisdiction of the federal Parliament.
Canada Finance and Banking

The Supreme Court of Canada ruled today that the proposed Canadian Securities Actis outside the jurisdiction of the federal Parliament.

Siding in certain respects with the lower court decisions from Alberta and Quebec, the Court held that the Act viewed in its entirety cannot be classified as falling with the general trade and commerce power of the national government.

Check back here for more details on the decision.

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