The Saskatchewan Financial Services Commission reports that its Securities Amendment Act has been given its second reading.

The act proposes a slew of reforms that would harmonize some of its rules with other jurisdictions and help it implement the passport system in that province.

It would also introduce civil liability for secondary market disclosure, amend a number of enforcement and administrative provisions, and give the SFSC the power to order restitution.

The rules that require mineral lease brokers to be registered, are also to be repealed under the amendments.