Securities Amendment Act (Insider Trading and Tipping), 2005 Hudak, Tim — Bill 46 (38th Parliament, 2nd Session)

Bill 46, 38-2

Ontario — Bills

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Bill 46, Securities Amendment Act (Insider Trading and Tipping), 2005

Hudak, Tim

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[38] Bill 46 Original (PDF)

Bill 46 2005

An Act to amend

the Securities Act

with respect to

insider trading and tipping

Note: This Act amends the Securities Act . For the legislative history of the Act, see Public Statutes - Detailed Legislative History on www.e-Laws.gov.on.ca.

Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

1. The definition of "person or company in a special relationship with a reporting issuer" in subsection 76 (5) of the Securities Act is amended by adding the following clause:

(

f) if the material fact or material change with respect to the reporting issuer is

an Act or a regulation proposed by the Government of Ontario or Canada that could reasonably be expected to have a material effect on the value of the

securities of the reporting issuer, a person who learns of the proposed Act or regulation before it is introduced, made or otherwise made public.

Commencement

2. This Act comes into force on the day it receives Royal Assent.

Short title

3. The

short title of this Act is the Securities Amendment Act (Insider Trading and Tipping), 2005 .

EXPLANATORY NOTE

The Bill amends the Securities Act to extend the prohibition against trading and tipping in

section 76 of the Act with respect to securities of a company and the liability in damages in

section 134

of the Act to persons who do so with knowledge of

an Act or a regulation proposed by the Government of Ontario or Canada that could reasonably be expected to have a material effect on the value of the securities of the company, if the proposed Act

or regulation has not been introduced, made or otherwise made public.

Date Bill stage Activity Committee

December 7, 2005

First Reading

Carried

Debates and Progress

First Reading

December

7, 2005

Second Reading

Committee

Third Reading

Royal Assent :

Coming into force :Royal Assent.

Most Ontario public acts are available electronically; to view copies of the Acts to be amended by this bill visit e-Laws

Securities Act

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Document details

Collection	Ontario — Bills
Citation	Bill 46, 38-2
Type	bill
Volume / chapter	p38 s2 bill 46 html
Language	en
Format	html
Source	PROVINCIAL
Identifier	80b0e83c678145640b1afa75a17581178c02d5b9

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