Summary
This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment is the fourth in a series of enactments drafted in the course of the harmonization of federal statutes by the Department of Justice of Canada as a result of the coming into force of the Civil Code of Québec in 1994, which substantially changed the concepts, institutions and terminology of civil law. It amends 52 statutes, including the Acts governing financial institutions — the Bank Act , the Cooperative Credit Associations Act , the Insurance Companies Act and the Trust and Loan Companies Act — and other Acts including the Access to Information Act , the Financial Administration Act , the Interpretation Act and the Official Languages Act , in order to ensure that each language version takes into account the common law and the civil law.