Canada has been criticized for not having a single securities regulator, but the CSA argues the passport system harmonizes the rules. Ontario has not supported the passport system, instead throwing its support behind creating a national regulator.
http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=27af888e-e6e7-4ccf-aae5-f0f58038ee95&k=78601
Note: http://www.canada.com/c...
