Industry and public consultation is an important part of the regulatory process and provides good input into new or revised legislation.
When the ASC or CSA believe new or revised regulation is required, they will typically publish the proposed new documents for public comment. Proposals that are currently available for public comment:
Passport System for Registration - CSA Notice of proposed National Policy 11-204 Process for Registration in Multiple Jurisdictions, proposed amendments to Multilateral Instrument 11-102 Passport System and related proposed repeals and amendments
The Canadian Securities Administrators (CSA) have published proposed National Policy 11-204 Process for Registration in Multiple Jurisdictions (NP 11-204) and proposed amendments to Multilateral Instrument 11-102 Passport System (MI 11-102) and its related policies. The CSA Notice also proposes to repeal National Instrument 31-101 National Registration System, its related forms and National Policy 31-201 National Registration System (NRS).
The proposed amendments to MI 11-102, published by CSA members other than the OSC, would establish a passport system for the registration of dealers and advisors and would deal with a few issues that have arisen since implementing this instrument. Proposed NP 11-204, published by all CSA members, outlines the process for registration in multiple jurisdictions and how market participants in passport jurisdictions would gain access to the Ontario Market. Passport for registration, together with the interface in proposed NP 11-204, would replace the NRS rule, forms and policy. Also, CSA is proposing some consequential and housekeeping amendments to other related policies.
View CSA Notice of proposed amendments to MI 11-102, proposed NP 11-204 and related amendments and repeals
View proposed amendments to MI 11-102 and proposed NP 11-204
Published: 18 July 2008
Comment period, other than the repeal of NRS, expires: 17 September 2008
Comment period on the repeal of NRS expires: 17 October 2008
Proposed Recognition of the Natural Gas Exchange Inc. (NGX)
NGX has applied to the Alberta Securities Commission for recognition as an exchange and as a clearing agency. The Commission welcomes public comment about the proposed recognition. Please provide comments, as directed in the notice, before the end of business on August 14th.
Alberta Securities Commission Notice and Request for Comment on the Proposed Recognition of NGX as an Exchange and a Clearing Agency
NGX Proposed Exchange Recognition order
NGX Proposed Clearing Agency Recognition order
Published: 15 Jul 2008
Comment Period Expires: 14 Aug 2008