NIN 95/30 - Amendment to Section 132 of the Securities Act [NIN - Rescinded]

Published Date:	1995-07-21
Effective Date:	1995-07-20

An amendment to section 132 of the Securities Act was brought into force on July 13, 1995. The Miscellaneous Statutes Amendment Act (No. 3), 1995, c. 53, s. 36 received royal assent on July 13, 1995. A copy of the amendment is attached to this Notice.

Section 132 of the Securities Act generally prohibits the disclosure of information and evidence obtained in the course of an investigation under the Act. The amendment to section 132 ensures that this prohibition will continue to have effect notwithstanding the Freedom of Information and Protection of Privacy Act. This amendment is consistent with recent amendments made to the Ontario Securities Act.

DATED at Vancouver, British Columbia, on July 20, 1995.

Douglas M. Hyndman
Chair


Securities Act

36. Section 132 of the Securities Act, S.B.C. 1985, c. 83, is amended by renumbering the section as section 132 (1) and by adding the following:

(2) Subsection (1) applies despite any provision of the Freedom of Information and Protection of Privacy Act other than section 44 (2) and (3) of that Act.

(3) Subsection (2) does not apply to personal information, as defined in the Freedom of Information and Protection of Privacy Act, that has been in existence for 100 or more years or to other information that has been in existence for 50 or more years.