Canada: Financial Sector Assessment Program: Detailed Assessment of the Level of Implementation of the IOSCO Principles and Objectives of Securities Regulation
IMF Staff Country Reports, February 13, 2008
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- Canada: Financial Sector Assessment Program: Detailed Assessment of the Level of Implementation of the IOSCO Principles and Objectives of Securities Regulation
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Bibliographic details
- Published: February 13, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807042.002
Summary
- The regulatory framework for the securities market of Canada exhibits high levels of implementation of the International Organization of Securities Commissions’ (IOSCO) Principles.
- The regulatory framework for most of the areas covered by securities regulation is robust.
- The general preconditions necessary for the effective regulation of securities markets appear to be in place in Canada.
- Nevertheless, there are gaps in the regulation and supervision of collective investment schemes (CIS), and enforcement requires further improvement in terms of efficient use of resources.
Key findings
- High levels of implementation of IOSCO Principles across the Canadian securities regulatory framework.
- Robust regulatory framework for most areas covered by securities regulation.
- General preconditions for effective securities market regulation are present.
Gaps and policy implications
- Gaps identified in the regulation and supervision of collective investment schemes (CIS).
- Enforcement is in need of further improvement, specifically regarding efficient use of resources.
Publication and metadata
- Publication date: February 13, 2008
- Series: Country Report No. 2008/061
- Issue: 061
- Volume: 2008
- Pages: 51
- DOI: https://doi.org/10.5089/9781451807042.002
- Stock No: 1CANEA2008003
- ISBN: 9781451807042
- ISSN: 1934-7685
International Monetary Fund. "Canada: Financial Sector Assessment Program: Detailed Assessment of the Level of Implementation of the IOSCO Principles and Objectives of Securities Regulation", IMF Staff Country Reports 2008, 061 (2008).