What is a CEDIF?
Nova Scotia Securities CommissionSince this program involves the sale of securities to the public, the issuance falls under the jurisdiction of Securities Commission. The Commission administers the Securities Act, which provides protection for Nova Scotia resident investors in the securities markets in Nova Scotia. Investor protection is effected by rules requiring proper disclosure of relevant information to permit investors to make informed decisions and requiring fair practices by market participants.
Securities regulation is not primarily concerned with passing judgment on the investment merits of particular securities. Rather, they have as their focus investor protection. The Commission fulfils its investor protection mandate first and foremost, with capital formation to occur only under their strict conditions.