Canada does not have a federal securities regulator, as other major capital markets do. Instead, each province and territory has its own securities regulatory authority and its own set of laws, regulations, rules and policies.

A class action is a lawsuit which provides a method for a large group of people with common claims to come together to advance one claim on behalf of the group. Class actions are more efficient and cost-effective and allow for groups of people with common claims to gain access to the legal system and seek justice on their behalves.