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.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
