La C.V.M.Q. dans un marché en mutation: les effets de l'internationalisation du marché des valeurs mobilières sur le rôle de la Commission des valeurs mobilières du Québec en matière d'appel public à l'épargne

STÉPHANE ROUSSEAU

ABSTRACT

The past two decades have been marked by the emergence of international securities markets. This development has many potential ramifications for the integrity of the Québec market and represents an important challenge for the Québec Securities Commission, which now must regulate a market characterized by an increasing number of activities which are not confined within the territory of Québec.

In the area of public securities offerings, the Commission must promote the objectives of the Securities Act within the increasingly apparent limits of its jurisdiction. Accordingly, it is necessary to review the role of the Québec Securities Commission in this new environment in order to protect the fundamental purposes of the legislation and ensure the continued relevance of the Commission's mandate.

The importance of the internationalization phenomenon is reinforced by the fact that repercussions arise not only from the problems themselves but also from the solutions which are now being proposed through international cooperation.

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Citation: (1993) 51(2) U.T. Fac. L. Rev. 359.
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