A model for common enforcement in Canada : Modèle pour l'application commune de la loi au Canada : l'Agence canadienne de police des marchés financiers et le Tribunal canadien d'arbitrage en matière de valeurs mobilières

Our enforcement system is also fragmented, with the 13 enforcement departments of the commissions, the Integrated Market Enforcement Team (IMET) of the RCMP as well as other police forces, the enforcement departments of the SROs, federal and provincial prosecutors, and judges. [...] The next part of this model would merge the investigation and prosecution functions of all the provincial and territorial securities commissions into another division of the CCMEA. [...] The CCMEA would be created by federal and provincial agreement and would be subject to the oversight of the federal Ministers of Finance, Justice, and Public Works, as well as the provincial and territorial ministers responsible for securities regulation. [...] Opportunities Separating the IMET from the RCMP and creating a criminal division within the CCMEA would give the IMET a better chance of thriving, rather than attempting to re- invent itself within the confines of the RCMP structure and hierarchy. [...] In respect of the regulatory division of the CCMEA, the provinces could cede their authority over investigation and prosecution of securities regulatory matters and the federal government could pass a statute creating the agency and setting out the framework within which it operates.