Canada:
Bank Act Amendments Would Add Derivatives Regulation-Making Powers
07 April 2014
Stikeman Elliott LLP
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Last week, the federal government introduced Bill C-31 Economic Action Plan 2014 Act, No.
1, which, among other things, would amend the Bank Act to give the Governor in
Council the authority to make regulations respecting a
bank's activities in relation to derivatives and
benchmarks. It is not yet clear when these amendments, if
adopted, would take effect.
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