In a Lexpert article examining whether the Canadian government is still moving ahead with the formation of a cooperative capital markets regulator, Davies partner Patricia Olasker expresses concerns about the decision to import into the proposed legislation British Columbia’s approach to extra-territoriality and to address unintended negative consequences through exceptions. “The problem is [that] it is impossible to foresee and properly address all of these consequences,” says Olasker. Speaking of the controversial decision to model the Capital Markets Act on BC legislation, she adds, “[T]hat train has probably left the station. Still, it’s possible to decouple the cars most likely to produce a train wreck, including those marked ‘extra-territorial reach.’”