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22 - \\ \ll ltl i >()( "HUN“ I} ' W'tliit‘siid) “in l: Jill” I 9 ’ S S ‘ ‘ th is Coming ecurltles regulator on e way ‘ ' vgt‘fifllo‘ 1 » ' ' "tl‘ ' t - 1 wt" (“it i “A; / \o ‘ (”1g slandl-ng‘ hUSlllt‘Nh “I ll“ d [lid ltl' (I) ,_.,,,.a,,,.,,,,_.,g.s_ ”It I as A (Md . _ , \ “I" ‘ lww m provmctal ltngld’ weeks or days 1 . ' ‘ T is the only he ”l was” \i June 4-6/10 tures and the “on“. “f depending on the l [§[]\]_\|\\ l tountry WilllUlll a m 3-91 /\ Lommons may be moving source a dratt bill Nl'HHWRS ‘ national regulator. 9, / towards resolution «â€" or perhaps WI“ ht: t‘tflllplt’lt‘d ' ‘ ' * i Reform Ol l} , /\$ www.wci50th.ca more gummy/erg); for establishing a 1 ‘ securities regular fig‘, 44 [fip‘ ‘ federal Finance Minister hm national securities ‘ . 5- ‘ tion is one ot the Flaherty recently indicated that. regulator. -â€" .,< l ff‘W “Wt“ UV“ _ R e g u la to r y y a? Q the last century g" 3g 9's _’ .‘ authority for the l ’ , y i where Ottawa 0 > u 5 53- ": f golfiownxom securities industry “ _"’ f. l and Queen's Park F H - , ”fig at I“? is currently a i , . ”t, 1 agree. ‘ ' "; A;"3& ;' {5a provincial responsiâ€" l l ‘ , y in February of 4 , w'nfi’wfia'é‘ bility. The Ontario ‘ b“ l 2004, shortly after ' ~- \ $335 7,15,” I? f 3 t Securities Commis- l J a 1 assuming the pre» > a“, " f sion (05C), which 1 ART mier's obice, Dal . a: A repons to the leg- SINCLAIR l ton McGuinty “Ti-“A; islature through l l told the Calgary the minister of ~~f 7 ~â€" firr~â€"fâ€"â€"~W~ Chamber of (10m? finance, is blhe merce that the - - organiwtion with which we in current system provides red tape Tlt elst Pro V] or Pro le Waterloo Region are most familâ€" for investors and passes admin tar. istratiye costs to capital markets With the PUl’Chase of The 05C is the public watcb~ and ultimately the consumer. _ dog that ensures integnty across Ironically Mctiuinty made 3 dozen, a" personallzed. provincial capital markets and these remarks in Alberta, where \ 3 protects investors from illegal or the provincial government has - . I! unethical practices been a longâ€"standing critic of a 1 ,, _, w 4. -.__., W ___,' The idea of moving securities national regulator regulation out of provincial juris- Ontario's Finance Minister Ted , X“ diction into the national capital Morton recently stated that the . ' is not new. advantage of a provincial system ' _' i < Over the past decade, or per- is the ability to draft securities v /()/“':‘\ , 4 /-./~./v , haps longer. a series of expert law for local needs, w . ,_ / A' 1 "his!" panels and committees com- Alberta has benefited from . _.~/“:/' 0 i A z ré’ffig‘ posed of government and indus» structures. such as junior capital ” "1 ,,‘»i_‘r~»""":=.-i‘_,, , try officials have proposed that a pools, wbe're companies can "ff.“ national regulator would be issue shares to the public before g . 59?“ preferable to the cunent regime establishing a business. m“ """‘"“"‘" /' ’ {A Organizations such as the This practice would be termie ' , 4,1? Canadian Chamber of (Zom- nated. according to Morton. , / W‘ merce and Canadian Bankers under a national regulator. ry- Association have also been visi- Opposition is not limited to a“ 3:35“ 4999 ble proponents. ' ' one province v , \ at; each A frequent criticism is that Quebec Premier lean (,harest , ' international asset managers and has stated the federal governe _ . _ traders find the provtncial land ment, by attempting to establish L|m|ted Tlme Offer” scape confusing and would prer a {national regulator, is inappro fer uniform rules across the priately mowng into an area of . ~ 4 ~ v ~ ». ,- - - '. - - country. prtnincial responsibility 7 i. - ' > ' ~ ' _ Minister Flaherty has tailed ~ " » - A i the current fragmented system J" " ‘ ' ' " ' an “international enibarrassâ€" Continuedonpage23 ’ - ~ 1: ' gets the worm... Stock Up On Special Buys ~ ' 5° W“ "°‘ 9° “W i - M «\ '~ 3?" &, Recreation Vehicle and Marine l ”qua-a V y no... ‘ A ’ , a\ Deep Cycle Battery Sale | “an. _ mm a “i "an. m , , , I out» : q -, m" “no. _ {lg- an... Limited time - up to 20% OFF E “an“ luv k a «(on our » a 3 b from 593-99. l ' 49” ‘ 39” (‘plus $5 deposn Without old battery) ‘ 0 Best quality ‘ l : “my WM . WM - Competitive warranty ‘ l was.” and." ‘ “mm iswilsfi" l l m ll . MID- , ‘ Don‘t forget... We also have i b "(can luv > “will um ’ batteries for just about everything i it 1 . 249C 1998 ‘ y - “a ‘ TLERIES 105 Lexington at, Unit 11 Wainrion l l ' Ind-w ' mm- :al'l men it no Fairway Road South, Kitchener, on: Mt no Wlmxportxom l , 7" if ,_, *_______â€"â€"___â€".___â€"â€"___J