2006 BILL 10

	10


Third Session, 45th General Assembly 55 Elizabeth II, 2006
BILL 10
AN ACT TO AMEND THE SECURITIES ACT
Received and Read the First Time...................................................................................................
Second Reading.................................................................................................................................
Committee............................................................................................................................................
Third Reading.....................................................................................................................................
Royal Assent......................................................................................................................................
HONOURABLE DIANNE WHALEN Minister of Government Services
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTE

This Bill would amend the Securities Act to provide that where there is a conflict between the Act, a regulation made under the Act or a provincial rule and a harmonized rule made in conjunction with other provinces and territories of Canada, the harmonized rule applies.

A BILL

AN ACT TO AMEND THE SECURITIES ACT

Analysis

1. S.144.1 Amdt.
Superintendent may make rules

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

RSNL1990 cS-13
as amended

1. Section 144.1 of the Securities Act is amended by adding immediately after subsection (7) the following:

(8) Where the superintendent makes a rule under subsection (1) in fulfilment of an agreement with other provinces and territories of Canada respecting the harmonization of rules among those provinces and territories and there is a conflict between that rule and this Act, a regulation made under this Act or another rule made under this Act, the rule made in fulfilment of an agreement respecting the harmonization of rules applies.