Reposted here with permission, from https://old.reddit.com/r/GMEJungle/comments/14g5q83/canadian_securities_regulators_dont_want_to_hear/
Credit to u/JackTheTranscoder
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Summary:
BACKGROUND Canada doesn’t have a single National Securities Regulator like the SEC. Instead we have 13 Provincial and Territorial Securities Regulators who only recently (in the past 10 years) began to cooperate to harmonize securities regulations across the country. The Ontario Securities Commission (OSC) and the British Columbia Securities Committion (BCSC) are the 2 big boys, and pretty much set the tone for the rest of the country. Quebec’s is pretty big too but none of us know what they’re doing so we will ignore them. …
Canada has it’s own depository. Depends on your broker, but I think I found out that mine buys on NYSE and moves it to the Canadian Depository for Securities. If true, it could be as good as DRS for removing the stock from Cede, even if it’s not held in your own name.
Don’t get me wrong, I have DRS’d plenty anyways…
Now that’s interesting. I wonder how accessible this CDfS is to lending hijinks.