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Amendments to the Criminal Code: Insider Trading, Tipping, Whistle-Blowing And Fraud

September-23-2004

Area Corporate and Commercial, Corporate Finance and Securities, White Collar Risk Management and Investigations

Summary

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.

 

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