Bill 198

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Bill 198 is an Ontario legislative bill effective 1 October 2003 that encompasses many areas. It is perhaps best known for clauses that provide equivalent legislation to the U.S. Sarbanes-Oxley Act to protect investors by improving the accuracy and reliability of corporate disclosures.

December 9, 2002, the Provincial Government of Ontario, Canada introduced an omnibus bill in the legislature entitled "Keeping the Promise for a Strong Economy Act (Budget Measures), 2002", now simply referred to as Bill 198.

It touched on many different aspects of government operation. Provisions include corporate disclosure, auto insurance and tax.

[edit] See also

• Sarbanes-Oxley Act – the Public Company Accounting Reform and Investor Protection Act of 2002, commonly called SOX or Sarbox.

[edit] External links

• Government of Ontario
• Bill 198 2002 An Act to implement Budget measures and other initiatives of the Government
• Ontario Securities Commission website
• Law Society of Upper Canada - Program on Bill 198 - Keynote Address by David A. Brown, Chair, Ontario Securities Commission on March 19, 2003