January 30, 2003
For Immediate Release

CSA Proposes Blueprint for Uniform Securities Law in Canada

Calgary- The Canadian Securities Administrators published today a concept proposal for uniform securities laws in Canada. The proposal envisions a platform Uniform Act that would set out fundamental rights, powers and obligations, and Uniform Rules that would set out detailed requirements.

We're harmonizing the Canadian system of securities regulation within a flexible framework that is able to adapt quickly to evolving market requirements, said Stephen Sibold, Chair of the Alberta Securities Commission and Chair of the USL Steering Committee.

The proposed framework also incorporates simplified and streamlined regulation in those areas that could be accommodated within the project timeframe. The proposal would streamline inter-jurisdictional registration of firms and individuals, and allow securities regulators to delegate decision-making across all regulatory functions to another securities regulator.

The CSA Blueprint for a Uniform Securities Act for Canada is available at the commission websites listed below. Comments on the proposal are requested by April 30, 2003.

The CSA is an umbrella organization for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets.

Media Relations Contacts:

Joni Delaurier
Communications Co-ordinator
Alberta Securities Commission
(403) 297-4481

Andrew Poon
B.C. Securities Commission
1-800-373-6393 (B.C. & Alberta only)

Eric Pelletier
Manager, Media Relations
Ontario Securities Commission
(416) 595-8913

Barbara Timmins
Commission des valeurs mobilires du Qu├ębec
1-800-361-5072 (Quebec only)

Ainsley Cunningham
Manitoba Securities Commission
1-800-655-5244 (Manitoba only)

Nicholas A. Pittas
Nova Scotia Securities Commission
(902) 424-6859