Canadian Department of Finance Announces Scheduled Review of Financial Institutions Legislation

Posted on October 5, 2010 by Simon Wormwell

The Honourable Jim Flaherty, Canadian Minister of Finance has announced a scheduled review of legislation governing financial institutions that are regulated by the federal government.   According to the announcement, this review is scheduled to occur every five years.  In soliciting comments, the Minister noted that "some fine-tuning to the system may be required, but wholesale change is not necessary."

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