Two western regulators release Market Regulation Services audit
Vancouver – The British Columbia Securities Commission and Alberta Securities Commission have released an audit of the western operations of the self-regulatory organization that, as its key function, monitors trading activity on the TSX Venture exchange.
The BCSC and ASC reviewed Market Regulation Services Inc. (RS) western region operations from Mar. 1, 2002 to Aug. 31, 2004. The audit examined the overall performance of the market regulator, reviewing its western operation’s major functions such as surveillance, compliance and enforcement proceedings.
Both the BCSC and ASC, along with other securities commissions, recognize RS as a self-regulatory organization with the responsibility to act as a regulation services provider for Canadian equity markets. The securities commissions conduct regular audits of SROs such as RS as part of their oversight function.
A copy of the audit is available on the BCSC and ASC websites.
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating trading in securities within British Columbia. The Alberta Securities Commission is the industry funded regulatory agency responsible for administering the Alberta Securities Act.
Media relations contacts:
British Columbia Securities Commission
Alberta Securities Commission