Bill 65 (Legislature 16, Session 4)

L16 S4 4903

Alberta — Bills

1971 Bill 65 = Fourth Session, 16th Legislature, 2<1 ElizabMhlr THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The Securities Act THE ATTORNEY GENERAL .r lrSt .lteaulng . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading Third Reading Printed by L. S. Wall, Queen's Printer, Edmonton BILL

AN ACT TO AMEND THE SECURITIES ACT (Assented to , 1971) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Securities Act is hereby amended. 2.

Section is amended by adding the following sub sections after subsection (7):

(7.1) On the application .of any person or company affected by an .order under subsection (5), the Commission may hold a rehearing and may confirm, modify or reverse the order.

(7.2) No application may be made before the expiry of one year fr.om (

a) the date the .order was made, or (

b) the date a decisi.on was made on the last previ.ous rehearing 'except with the leave of the Commissi.on. 3. This Act comes into force on the day upon which it is assented to. Explanatory Notes I. This Bill amends

chapter of the Revised Statutes of Alberta 1970. 2. Rehearings. Subsection (5) reads as follows:

(5) Notwithstanding subsections (1), (2) and (3), the Commission may, where in its opinion such action is in the public interest (

a) order that sUbsection (1) or (3) shall not, with respect to such of the trades referred to in that subsection as are specified in the order. apply to the person o'r company nam'ed in the order, (

b) order that subsection (2) shall not, with respect to such of the securities referred to in that subsection as are spe'cified in the order, apply to the person or company named in the order. This amendment will provide for rehearings following an order under subsection (5). Title: 1971 (16th, 4th) Bill 65,

An Act to amend The Securities Act

Document details

Collection	Alberta — Bills
Citation	L16 S4 4903
Type	bill
Volume / chapter	L16 S4 4903
Language	en
Format	json
Source	PROVINCIAL
Identifier	7935b18922374709ef5bc7aedd971ba61c0009ac

Source file is stored in the law ingest library (json).