BANC - Standing Committee

Banking, Commerce and the Economy

Past Session: Past Session:
37-3 37th Parliament, 3rd Session (February 2, 2004 - May 23, 2004)
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Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 2 - Minutes of Proceedings

OTTAWA, Wednesday, March 10, 2004
(5)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 4:05 p.m., this day, in room 356-S Centre Block, the Chair, the Chair, the Honourable Richard H. Kroft, presiding.

Members of the committee present: The Honourable Senators Biron, Chaput, Harb, Hervieux-Payette P.C., Kelleher P.C., Kroft, Meighen, Mercer and Moore (9).

Other senators present: The Honourable Senators Oliver and Plamondon (2).

In attendance: Ms. June Dewetering and Mr. Alexandre Laurin, Analysts, Library of Parliament.

Also in attendance: The official reporters of the Senate.

The committee discussed a draft legislative budget.

It was moved by the Honourable Senator Moore, that the following budget application for the committtee's study on issues dealing with charitable giving in Canada for the fiscal year ending March 31, 2004 be concurred in:

Professional and Other Services   

 $ 5,250

Transport and Communications   

 0

All Other Expenditures   

 0

Total   

 $ 5,250

The question being put on the motion, it was adopted.

Pursuant to the Order of Reference adopted by the Senate on Tuesday, February 24, 2004, the committee continued its examination of Bill C-13, An Act to amend the Criminal Code (capital markets fraud and evidence-gathering).

WITNESSES:

From the Ontario Securities Commission:

Mr. Michael Watson, Director, Enforcement.

From the Canadian Bankers Association

Mr. Warren Law, Senior Vice-President, Corporate Operations & General Counsel;

Ms. Sandra Stephens, Legal Counsel.

From the Department of Justice Canada:

Mr. William C. Bartlett, Senior Counsel, Criminal Law Policy Section;

Ms. Joanne Klineberg, Counsel, Criminal Law Policy Section;

Mr. Normand Wong, Counsel, Criminal Law Policy Section.

Mr. Law made an opening statement and, together with Ms. Stephens, answered questions from members of the committee.

Mr. Watson made an opening statement and answered questions from members of the committee.

Mr. Wong and Mr. Bartlett made an opening statement and, together with Ms. Klineberg, answered questions from the members of the committee.

It was agreed that the committee move to clause-by-clause consideration of Bill C-13.

It was agreed that the title stand postponed.

It was agreed that clause 1 carry.

It was agreed that clause 2 carry.

It was agreed that clause 3 carry.

It was agreed that clause 4 carry.

It was agreed that clause 5 carry.

It was agreed that clause 6 carry.

It was agreed that clause 7 carry.

It was agreed that clause 8 carry.

It was agreed that clause 9 carry.

It was agreed that Bill C-13 be adopted without amendment.

It was agreed that Bill C-13 be reported without amendment at the next sitting of the Senate.

At 5:20 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Gérald Lafrenière

Clerk of the Committee