BC Chamber welcomes steps towards a national securities regulator

News Releases

Vancouver, September 19, 2013 – The BC Chamber of Commerce welcomes the news that B.C., Ontario and Canada have agreed to establish a co-operative capital markets regulatory system, which all Canadian provinces and territories are invited to participate in.

“Canada is the world’s only major industrialized country without a single securities regulator, which makes our processes more cumbersome for potential investors,” said John Winter, president and CEO of the BC Chamber of Commerce. “The BC Chamber is very pleased to see this positive step, which paves the way towards a national regulator and a simpler regulatory system for companies doing business in Canada.”

In the BC Chamber’s view, a single securities regulator would enhance both B.C.’s and Canada’s economic opportunities.

“A national regulator would streamline and modernize our burdensome, time-consuming and expensive system,” Winter said. “Moreover, it would facilitate critical access to capital for companies across the country, including B.C.’s many small businesses.”

The BC Chamber encourages business communities across Canada to join together in a vision for a common regulator.

“If we can move beyond regionalized thinking and come together as one Canadian business community, we have a real opportunity to improve this crucial aspect of our business framework,” Winter said.

The BC Chamber is the largest and most broadly-based business organization in the province. Representing more than 125 Chambers of Commerce and 36,000 businesses of every size, sector and region of the province, the BC Chamber of Commerce is “The Voice of Business in BC.”

For further details, please contact:

John Winter
President & CEO
BC Chamber of Commerce
T 604.638.8110
C 604.376.3577
jwinter@bcchamber.org

Jenny MacPhee
Communications Officer
BC Chamber of Commerce
T 604.638.8114
C 604.366.4990
E jmacphee@bcchamber.org