Stock regulators tarket Y2K delinquents

Article Abstract:

National and provincial securities regulators have announced that investment firms which failed to submit their plans to deal with the year 2000 (Y2K) problem will face sanctions. Federal regulations have mandated the investment firms to file a report of their Y2K readiness by Oct 31, 1998, along with a management certificate about their progress. The regulators said that firms which failed to comply with these requirements will face sanctions such as ouster and loss of their licenses.

Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry

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Securities watchdogs to track insider trading

Article Abstract:

Canada's provincial securities regulators have agreed to form a nationwide database of insider trading reports. The system, whose development will be spearheaded by the Quebec Securities Commission, is part of efforts by provincial regulations to bolster the power of their 'virtual' national securities commission. The database will be open to the public and should be up and running within 18 months, said British Columbia Securities Commission Chairman Douglas Hyndman.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn

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