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Statutes of Newfoundland and Labrador 2006


CHAPTER 14

AN ACT TO AMEND THE SECURITIES ACT

(Assented to May 26, 2006)

Analysis


        1.   S.144.1 Amdt.
Superintendent may make rules


Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

RSNL1990 cS-13
as amended

        1. Section 144.1 of the Securities Act is amended by adding immediately after subsection (7) the following:

             (8)  Where the superintendent makes a rule under subsection (1) in fulfilment of an agreement with other provinces and territories of Canada respecting the harmonization of rules among those provinces and territories and there is a conflict between that rule and this Act, a regulation made under this Act or another rule made under this Act, the rule made in fulfilment of an agreement respecting the harmonization of rules applies.