Alberta is working to build support among fellow Canadian provinces for a proposed alternative to a national securities regulator, establishment of which the resource-rich province has long opposed, its finance minister said on Thursday. In September, the federal government launched a unified regulatory regime intended to replace the patchwork of provincial securities regulation that now exists across the country. So far only Ontario and British Columbia have signed on to the new regime, which provinces are not required to join. Alberta Finance Minister Doug Horner's proposal would establish a national enforcement agency and adjudicator tribunal, both headquartered in Toronto, Ontario's capital and the hub of Canada's capital markets. But the plan would leave day-to-day regulation to individual provinces. Ottawa has tried for decades to persuade Canada's 10 provinces and three territories to create a national regulator similar to the U.S. Securities and Exchange Commission. The
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