Amendments to take-over and issuer bid provisions of The
Securities Act, 1988 proclaimed in force on March 31, 2001
On February 28, 2001, the Lieutenant Governor issued a proclamation proclaiming
March 31, 2001 as the day on which The
Securities Amendment Act, 1999 come into force.
The Securities Amendment Act, 1999 amended certain provisions
of The Securities Act, 1988 relating to the timing and deliver
of take-over bids and issuer bids. These amendments were enacted in 1999,
but their proclamation had been deferred pending legislative change in
other Canadian jurisdictions.
CSA Notice 62-301- Implementation
of the Zimmerman Amendments Governing the Conduct of Take-over and Issuer
Bids dated March 2, 2001 gives more information about the amendments
and their implementation.
March 31, 2001
Contact:
Barbara Shourounis
Director
(306) 787-5842
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