BC introduces amendments to Securities Act

Posted on April 7, 2010

On March 25, the British Columbia government introduced Bill 6, the Finance Statutes Amendment Act, 2010 in the provincial legislature. Among other things, the Bill would amend the B.C. Securities Act so as to allow for the regulation of credit rating agencies by British Columbia Securities Commission and, according to the Ministry of Finance, "harmonize registration legislation across Canada relating to point-of-sale disclosure for mutual funds and segregated funds". Meanwhile, amendments to the Financial Institutions Act would "enhance the regulatory tools and framework for the financial services sector."

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