The Canadian Bankers Association commended the federal government for announcing three measures in the 2005 budget, which it says enhance the efficiency of Canadian financial markets.The CBA says it welcomes the federal government’s decision to proceed with a review of Canada’s financial services legislation and policy framework, which includes the Bank Act.“We are delighted that […]
Although the budget stops short of calling for a single securities regulator
PPF suggests improvements to corporate governance
Amendments would give firms more time
Budget measures bill introduced
No target date set for proclamation
Effective date shifted to November 29
Implementation date set for January
Regulator outlines circumstances when investigations ought to be disclosed
Says recommendations will improve investor confidence