On October 21, the British Columbia government announced a bill to amend the Securities Act (BC Act). The bill provides for more than 100 amendments that will, if enacted, give the British Columbia Securities Commission (BCSC) stronger enforcement and collection tools, increase the penalties for certain types of misconduct, introduce new prohibitions on false or misleading statements, tighten the requirements around promotional activities, and introduce regimes for derivatives and benchmarks intended to be harmonized with other jurisdictions across Canada.