Image from The Lawyers Weekly The Supreme Court of Canada (SCC) will release its answer to this question tomorrow. The federal government posed the reference question to the court: is securities regulation subject to provincial or federal jurisdiction as set out by the Constitution Act, 1867 ? The Constitution Act sets out the division of powers, which determines what issues are under the control of the provinces- like education health- and what things are governed by the federal government- such as criminal law and copyrights. In reality there is a lot of overlap between the two. If securities regulation is a matter of “property and civil rights”, it is subject to provincial jurisdiction. If it is a matter of “trade and commerce”, it will fall within the domain of the federal government. Not all the provinces are happy with the idea of a nationwide securities regulator, which was proposed by Finance Minister Jim Flaherty in May 2010. In fact, Ontario seems to
Successful law firm business development professionals need to master a tricky combination of hard and soft skills. Herewith, everything you need to succeed in legal marketing. A blog by Aleesha Khan.