Bill 198
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In Canada, 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. Thus, it is also known as the "Canadian Sarbanes and Oxley" Act or CSOX (see-socks).
On 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] Resource
- Whitesox Consultants. "Bill198 Bulletine" http://www.whitesoxconsultants.com/bill198.htm
[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
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