Amendments to the Criminal Code: Insider Trading, Tipping, Whistle-Blowing And Fraud
|Area||Corporate and Commercial, Corporate Finance and Securities, White Collar Risk Management and Investigations|
Certain sections of Bill C-13 amending the Criminal Code were proclaimed into force on September 15, 2004. The amendments are a Canadian response to the recent flurry of corporate scandals which have weakened investor confidence in capital markets around the world. C-13 creates three new offences under the Criminal Code (insider trading, tipping and retaliation against whistle-blowers) and increases the maximum penalties for certain existing offences related to fraud. This update provides a brief outline of the principal amendments.