The British Columbia Securities Commission has published an analysis of the enforceability of new securities legislation in British Columbia. The study, Enforcement of Outcomes-Based Securities Legislation, is on the BCSC website at www.bcsc.bc.ca/policy.
On May 5, 2004 the British Columbia government introduced in the Legislative Assembly a new Securities Act (Bill 38).
One question asked by many of those who participated in the consultation process leading up to the introduction of Bill 38 was: “Can this new regime be enforced as effectively as the current legislation?” This study contains the results of the analysis done by the BCSC to answer this question.
The study concludes that: