Making Disclosure: Ideas and Interests in Ontario Securities Regulation
Available in the Osgoode Hall Law School Library
Historically, Two Issues Have Dominated The Study of Regulatory Agencies: first, how agencies define and achieve their goals, and second, how to explain their 'behaviour.' The influence of public and private interests on agencies has been central in attempts to understand the outcomes of regulation.
Mary Condon argues that the study of interests is not a straightforward task. Interests can be incoherent and they can shift and change over time. We often leap to the conclusion that regulations are made specifically to benefit certain constituents, when these constituents are not the only driving forces behind regulation. Our notion of a distinctive public/private divide among interests may also be flawed. Condon proposes a new approach to the problem. She urges us to examine the ideas behind regulation, their source, and how they have been interpreted by the regulators, the regulated, and other interests. She argues that interests and ideas are mutually constructed: for example, ideas can be reshaped by the interests that they originally spawned. In this book, Condon applies this interpretative approach to the case of Ontario securities regulation. She considers legislation, policy making, and regulatory undertakings from 1945 to the 1970s.
Making Disclosure provides an excellent example of how ideas and interests influence policy. It is an important source text for courses on law and policy making and it contains valuable insights for observers of regulation. It breaks new ground for professionals in the securities industry and will appeal to readers who are interested in regulatory decision making and the process of legislative reform.
University of Toronto Press
Ontario Securities Commission; Securities; Ontario
Condon, Mary G., "Making Disclosure: Ideas and Interests in Ontario Securities Regulation" (1998). Books. 61.