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Investments or Securities law is the body of
law that regulates the sale of company shares to the public. Some of the
aspects of securities law, include the regulation of the sale of securities,
stock exchanges, initial public offerings and private placements, and
the rights and duties of brokers and clients.
In Canada, securities law is
governed primarily by provincial statute. The primary statute that governs
securities law is called the Securities Act and is relatively uniform
across all Canadian jurisdictions.
In addition to each province
having a Securities Act, each province also issues regulations
under its Securities Acts. These regulations, which vary more from
province to province than the statute, are very detailed in their regulation
of trades in securities. The regulations often contain forms which must
be used for various transactions or reporting obligations.
References
British
Columbia Securities Act
British
Columbia Securities Commission
Regulation of trading in securities and exchange contracts within British
Columbia is governed by the BC Securities Act, Securities Regulation,
and Securities Rules, as well as notices, instruments, and policy documents.
The
Alberta Securities Commission (ASC)
The Alberta Securities Commission regulates the capital market in Alberta
and balances the interests of investors, issuers and persons registered
to sell securities. It administers the Alberta Securities Act, which facilitates
a fair and efficient capital market. The securities regulatory system
is based on two fundamental principles:
- To provide investors with
full, true and plain disclosure so that they can make informed investment
decisions.
- Confidence in the integrity
of the capital market must be maintained. Confidence in the capital
market stems partly from confidence in the securities regulatory system.
ASC plays a key role in maintaining confidence in the capital market
in Alberta.
Ontario
Securities Commission
Ombudsman
for Banking Services and Investments
The Ombudsman for Banking Services
and Investments (OBSI) is an independent organization that investigates
customer complaints against financial services providers, including banks
and other deposit-taking organizations, investment dealers, mutual fund
dealers and mutual fund companies.
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