On December 18, Alberta announced that it will be going to the Alberta Court of Appeal to test the constitutional soundness of the federal government’s move to create a single Canadian securities regulator.  The province wants to prevent federal incursion into provincial jurisdiction. “Securities regulation is a matter of provincial jurisdiction, and acknowledging federal authority in this area would have implications in other areas of financial regulation that have historically been provincial responsibility,” said Iris Evans, Minister of Finance and Enterprise. “The interests of Albertans and the Alberta capital market are best served by the existing regulatory structure. There is no need for this intrusion into provincial jurisdiction.” Quebec is making a similar challenge and Alberta will act as an intervener in support of Quebec to send a strong message of opposition to the federal plans.