An Act to amend the Bank Act (compensation for investment advice)
This bill is from the 40th Parliament, 3rd session, which ended in March 2011.
This bill is from the 40th Parliament, 3rd session, which ended in March 2011.
Thomas Mulcair NDP
Introduced as a private member’s bill. (These don’t often become law.)
Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of June 16, 2010
(This bill did not become law.)
This is from the published bill.
This enactment amends the Bank Act to prohibit banks and authorized foreign banks, subsidiaries of banks and authorized foreign banks, and employees or representatives thereof from receiving any compensation from a person or entity in return for recommending that a customer of the bank or authorized foreign bank or subsidiary purchase an investment product sold by that person or entity.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.
Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-546s: