Provisions of Bill 162 amending Securities Act come into force
Schedule 26 of Ontario Bill 162, the Budget Measures Act, 2009, contains amendments to the Securities Act, as described in our post of May 22. While Royal Assent of Bill 162 was granted on June 5, 2009, some of the Bill's provisions are yet to come into force. Today's OSC Bulletin summarizes the changes and provides a table highlighting the provisions not yet in effect. The Ministry of Finance is expected to recommend dates to the Lieutenant Governor for two proclamation dates for the remaining provisions, the earlier to be near the end of September 2009 to facilitate the implementation of the new registration requirements in National Instrument 31-103 Registration Requirements at the same time across Canada.
