Bringing harmony to regulation
Different rules in different provinces can cause confusion, frustration and extra work for business. That's why Nova Scotia is working with other governments to harmonize regulations when it makes sense - both provincially and federally.
We are working with our closest neighbor, New Brunswick, to harmonize:
- onshore petroleum and marine renewable energy legislation and regulations, and
- criteria for licensing for the private security industry.
A little further afield:
- We are working with the other Atlantic Provinces to develop uniform conditions for special move permits for over-sized loads.
- We are working on harmonizing insurance regulations in the Maritime Provinces, starting with a model act to be completed in 2008 (does not include auto insurance).
- Work on harmonizing securities regulations continues with the new national rule for prospectus requirements. This reduces costs and makes it easier for reporting issuers to distribute securities across Canada while maintaining a high level of disclosure to investors.
The reintroduction of the Offshore Job Safety Act in Nova Scotia ensures we have the same rules as Newfoundland and Labrador and the federal government, reducing the administrative burden and improving competition and compliance.
