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ARTICLE · 19 JANUARY 2012

Quebec Adopts Material Housekeeping Amendments To Derivatives Legislation

On November 30, 2011, the Quebec Government passed omnibus amendments to financial services legislation under Bill 7, "An Act to amend various legislative provisions mainly concerning the financial sector".

CanadaFinance and Banking

On November 30, 2011, the Quebec Government passed omnibus amendments to financial services legislation under Bill 7, An Act to amend various legislative provisions mainly concerning the financial sector. Bill 7 amends various Quebec statutes regulating the provision of financial services across a broad range of areas such as whistleblower immunity, electronic communications with regulatory authorities, the receivership process for regulated firms, insider trading rules, fraudulent trading and the disclosure of false information to the Autorité des marchés financiers (AMF), Quebec's financial services regulator. 

Bill 7 also includes various housekeeping amendments to the Derivatives Act (Quebec) (QDA), as well as the following:

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