Which of the following statements is correct with respect to regulation of the purchase,sale,and promotion of securities in Canada?
A)The federal government has no involvement in this area.
B)This is a provincial responsibility but all provinces have the same provisions.
C)Because of the location of the Toronto Stock Exchange,the Ontario Securities Commission oversees these matters for all of Canada.
D)Canada has a federal securities regulator responsible for this.
E)This is primarily a provincial responsibility.

Question

Quizplus · Accepted Answer

Securities regulation in Canada is primarily a provincial and territorial responsibility, with each province and territory having its own securities regulator to oversee the capital markets within their jurisdictions. There is no single federal securities regulator in Canada, making this a decentralized system compared to some other countries.

Which of the Following Statements Is Correct with Respect to Regulation