Market Regulation: Securities Laws and Authorities: 

Regulatory Harmonization and Convergence

  

Convergence of Cross-Border Markets Regulation

Position: Regulations and rules governing capital markets should be harmonized to promote cross-border listings and transactions.

Rationale: A regulatory system that consists of multiple jurisdictions is overly burdensome and unnecessarily complex and results in higher costs of capital for issuers and lower investment returns for investors.

Where stated: Bowman on Single Regulator; CAC - Wise Person's Committee; CAC - 5-Yr Review

 

Convergence of Financial Reporting Standards

Position: There should be one set of global high-quality standards for reporting financial information of market transactions and activities.

Rationale: Convergence is needed to promote more efficient capital markets as well as to ensure sufficient investor protection and transparency of market activities.

Where stated: Bowman on Single Regulator; CAC - Wise Person's Committee