General Policy of Securities Regulation

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You can grab notes on other topics from here.

For the exam:
1) Know what the rules are;
2) Look at why they exist (why does the law regulate these activities? What objectives is the rule trying to establish?);
3) THEN Challenge the rules

  • Always keep in mind that he wants you to answer WHY it is that you’re doing what you’re doing
  • WHY does the law regulate this particular activity? (will mostly have to do with achieving the three above goals/dealing with tensions among those goals)
  • Securities reg is nothing more than sophisticated consumer protection legislation with the consumer being investors.
    o The Securities Act is really a policy document where intention is the most important thing.
    o The rules that the SA sets out are intended to be appropriate in the circumstances in which they are employed.

3 types of policy statements
o OSC Policy –> info about how the Ontario Securities Commission will decide
o Uniform Act –> provinces of BC, Alberta, Saskatchewan, Manitioba and Ontario
o National –> all of the Securities Commission get together and say how they’re going to use their discretion

You can grab notes on other topics from here.

 


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