Bill S-12 explained in plain English
A third Act to harmonize federal law with the civil law of Quebec and to amend certain Acts in order to ensure that each language version takes into account the common law and the civil law
Federal Parliament bill summary, status, timeline, sponsor, votes, and official sources.
Short answer
This bill updates the Securities Act (Quebec) by redefining 'mandatary' to include successors and adjusting the commencement date of section 201, affecting corporate governance and securities regulation without introducing new penalties or programs.
At a glance
Official Parliament of Canada snapshot for 40th Parliament, 3rd Session. MP vote breakdowns appear when the House of Commons publishes a recorded division export for that bill. Senate and House stage details include official debate/sitting links when LEGISinfo publishes them.
AI-generated from official bill text; automatically checked and spot-reviewed.
This bill updates the Securities Act (Quebec) by redefining 'mandatary' to include successors and adjusting the commencement date of section 201, affecting corporate governance and securities regulation without introducing new penalties or programs.
This bill amends the Securities Act to update definitions and provisions related to securities regulation in Quebec. Key changes include: 1. Mandatary Definition: The term 'mandatary' now includes a successor to a mandatary, ensuring continuity in legal responsibilities related to securities. This applies to Quebec's legal framework for corporate governance and securities law. 2. Commencement Dates: Amendments to section 201 of the Securities Act (Quebec) will come into force on a specified date, though the exact date is not detailed in the provided text. The bill also references other acts and regulations, indicating potential interactions with existing legal frameworks. 3. Legal Context: The changes are part of broader securities regulation in Quebec, affecting corporate law, shareholder rights, and regulatory compliance. The bill does not specify penalties, fees, or new programs, focusing instead on definitional and procedural updates. The bill's text is clear on these amendments but lacks specific details on effective dates for some provisions. No new taxes, agencies, or procedures are introduced in the summary provided.
- Amends the definition of 'mandatary' to include a successor, ensuring legal continuity in securities-related responsibilities.
- Adjusts the commencement date for section 201 of the Securities Act (Quebec), though the exact date is not specified in the text.
- References other acts and regulations, indicating potential interactions with existing legal frameworks but without detailing new provisions.
- Corporations and shareholders in Quebec, particularly those involved in securities transactions or corporate governance.
- Legal professionals and regulatory bodies overseeing securities law in Quebec.
- The exact commencement date for some provisions is not specified in the provided text.
- The bill does not detail new penalties, fees, or programs, focusing only on definitional and procedural updates.
Changes to 'mandatary' and section 201 commencement dates affect corporate governance and securities law in Quebec.
Generated using AI from official bill text. Not legal advice. Coverage is limited to the official text extracted for this bill version.
Official textParliamentary Process
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Introduction and first reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Debate at second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Sponsor’s speech yet. The official source linked below is the full record.
We don't have a plain-language summary for Debate at second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Response speech yet. The official source linked below is the full record.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Committee report presented yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Debate at third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Debate at third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
Debate and sitting links point to official parliamentary sources when LEGISinfo publishes them. Any plain-language discussion summaries should be generated from those official texts and reviewed before public display.
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
This plain-English summary is based on official legislative sources and public records. It is intended for civic education and is not legal advice.
How this data is sourced