5For the purposes of this Act, the Commission shall be guided by the following fundamental principles:
(a)
balancing the importance to be given to each of the purposes of this Act may be required in specific cases;
(b)
the primary means for achieving the purposes of this Act are:
(i)
requirements for timely, accurate and efficient disclosure of information;
(ii)
restrictions on fraudulent and unfair market practices and procedures; and
(iii)
requirements for the maintenance of high standards of ethics and business conduct to ensure honest and responsible conduct by market participants;
(c)
effective and responsive securities regulation requires timely, open and efficient administration and enforcement of this Act and the regulations by the Commission;
(d)
the Commission should, while ensuring adequate supervision, use the enforcement capability and regulatory expertise of self-regulatory organizations;
(e)
the integration of capital markets is supported and promoted by the sound and responsible harmonization and coordination of securities regulation regimes; and
(f)
business and regulatory costs and other restrictions on the business and investment activities of market participants should be proportionate to the significance of the regulatory objectives sought to be realized.
5For the purposes of this Act, the Commission shall be guided by the following fundamental principles:
(a)
balancing the importance to be given to each of the purposes of this Act may be required in specific cases;
(b)
the primary means for achieving the purposes of this Act are:
(i)
requirements for timely, accurate and efficient disclosure of information;
(ii)
restrictions on fraudulent and unfair market practices and procedures; and
(iii)
requirements for the maintenance of high standards of ethics and business conduct to ensure honest and responsible conduct by market participants;
(c)
effective and responsive securities regulation requires timely, open and efficient administration and enforcement of this Act by the Commission;
(d)
the Commission should, while ensuring adequate supervision, use the enforcement capability and regulatory expertise of self-regulatory organizations;
(e)
the integration of capital markets is supported and promoted by the sound and responsible harmonization and coordination of securities regulation regimes; and
(f)
business and regulatory costs and other restrictions on the business and investment activities of market participants should be proportionate to the significance of the regulatory objectives sought to be realized.