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ARTICLE · 11 OCTOBER 2017

Quebec Introduces Much Anticipated Bill 141 To Revise Framework For Quebec Financial Sector

Blake, Cassels & Graydon LLP
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On October 5, 2017, Quebec's Minister of Finance Carlos Leitão introduced Bill 141, An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation...

CanadaFinance and Banking
Philippe Bourassa
Philippe Bourassa
Annick Demers
Annick Demers
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On October 5, 2017, Quebec's Minister of Finance Carlos Leitão (Minister) introduced Bill 141, An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions (Bill) in the National Assembly, a much anticipated omnibus bill that is meant to improve the framework of Quebec's financial sector and strengthen consumer protection.

The Bill proposes significant and targeted amendments to 14 different laws in order to update and modernize the framework applicable to Quebec's financial sector. It also proposes corresponding amendments to almost 50 other laws.

This bulletin provides a summary of the main legislation impacted and the key points of the Bill. The Blakes Financial Services Regulatory group is currently performing an in-depth analysis of Bill 141 in order to provide insight into the Bill's impact on businesses. Additional information will be made available in the following weeks on

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