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Act 188 : Carlos Leitão promised a filing in the first days of September

by

Alain Thériault

June 15, 2017 13:30

Carlos J. Leitão | Photo : Mathieu Carbasse

The omnibus bill on the reform of the financial sector may not be filed on the Friday, the 16th of June as planned, but the minister of Finance, Carlos Leitão, promises a deposit in the first days of September. Press attaché to the minister, Audrey Cloutier did not want to specify which ensures that the minister is able to do so as soon as its back in session. To explain the delay, she recalled the scale of the issues to be addressed.

«It is imperative to ensure that the regulation of the financial sector is adapted to the new realities «, she replied to the Journal of insurance, after presenting these issues.

«The proper functioning of the financial sector is based on modern corporate statutes and the public trust, hence the need to properly frame it. The government now intends to proceed with legislative reform overall; and the object of all laws is to promote the public interest. This interest is best served by laws that allow the consumer to benefit from the opportunities offered by new technologies and new business models in a regulatory framework that protects it adequately, under the supervision of regulatory bodies, effective and efficient, » said Ms. Cloutier.

The press attaché to the minister added that the reform will be carried out within a single project of law, » which will help preserve the coherence of the regulatory framework «. Ms. Cloutier did not, however, want to specify if the deposit will be followed by a public consultation or parliamentary committee.

 

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