Question

Reference Re Securities Act was a reference put forward by the federal government to the Supreme Court of Canada. What was the reason why the federal government did this? What did the Supreme Court of Canada conclude? Be sure to provide a brief discussion of the relevant law in your answer.  

Answer 1

Reference Re Securities Act is a considerable opinion of the Supreme Court of Canada on the question of reference raised in relation to the Canadian Parliament's ability to exercise trade and commercial power.
The Canadian securities regulations are the only one where the region is governed by the provincial and territorial governments. Although these governments have worked to facilitate many of their policies, there are still enough differences that issuers need to agree to trade securities between people in each jurisdiction.

Since the 1930s, there has been debate about the intention to create a single national securities regulator. In 2010, a draft Canadian securities law was released and a questionnaire was filed before the Supreme Court of Canada regarding the Constitution.