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Canadian government proposes amendments to financial institutions statutes

  • Torys LLP
  • -
  • Canada
  • -
  • November 24 2011

On November 23, 2011, the federal government introduced legislation in Parliament to amend the Bank Act (the BA), Insurance Companies Act (the ICA), Trust and Loan Companies Act, Cooperative Credit Associations Act (collectively the FI Acts), as part of its statutorily mandated five-year review of the FI Acts

Canada announces important amendments to financial institution statutes

  • Torys LLP
  • -
  • Canada
  • -
  • February 9 2009

On February 6, 2009, the Canadian federal government tabled the Budget Implementation Act, 2009 (Bill C-10) to enact a number of important amendments to several financial institution statutes and other related statutes to implement the measures announced in the budget tabled on January 27, 2009