On June 20, 2008, the Québec government adopted the Derivatives Act (the Act), which provides a legislative framework to govern derivatives activities within the province. This legislative action follows the publication by the Autorité des marchés financiers (the AMF) in August 2007 of the Proposed Framework for Regulation of Derivatives Markets in Québec (the 2007 Proposal).

type Investment Management Advisory - July 2008 - Québec National Assembly Adopts Legislation to Govern Derivatives