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Alberta leads the way in amending Securities Act

Monday, June 19, 2017 @ 8:33 AM | By Amanda Jerome

This month, Alberta became the first province in Canada to amend its Securities Act to give the Investment Industry Regulatory Organization of Canada (IIROC) increased legal authority.

Bill 13, the Securities Amendment Act, 2017 came into force on June 7, the day it received royal assent. This legislation provides the IIROC with greater legal powers and protections, enabling it to collect evidence and prosecute offenders who harm investors. The IIROC, as well as its disciplinary tribunals, are now protected from lawsuits for acting in good faith...