S-5 , 41st Parliament, 1st session Thursday, June 2, 2011, to Friday, September 13, 2013
An Act to amend the law governing financial institutions and to provide for related and consequential matters
Short title:
Financial System Review Act
This bill received royal assent on Thursday, March 29, 2012
Statutes of Canada 2012, c. 5
Progress
Senate
End of stage activity
Introduction and first reading, Wednesday, November 23, 2011
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Wednesday, November 23, 2011 |
End of stage activities
Second reading, Tuesday, December 6, 2011
Referral to committee, Tuesday, December 6, 2011
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Tuesday, November 29, 2011 |
|
Tuesday, December 6, 2011 |
End of stage activity
Committee report presented, Thursday, December 15, 2011
With observations
Committee meetings
| Meeting date | Details |
|---|---|
Wednesday, December 7, 2011 |
Meeting 16 |
Thursday, December 8, 2011 |
Meeting 17 |
Wednesday, December 14, 2011 |
Meeting 18 |
Thursday, December 15, 2011 |
Meeting 19 |
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Thursday, December 15, 2011 |
End of stage activity
Third reading, Friday, December 16, 2011
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Friday, December 16, 2011 |
House of Commons
End of stage activity
First reading, Tuesday, January 31, 2012
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Tuesday, January 31, 2012 |
End of stage activity
Second reading and referral to committee, Tuesday, February 14, 2012
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Friday, February 3, 2012 |
|
Tuesday, February 14, 2012 |
Sitting 80
Agreed to
(Journals 80)
|
End of stage activity
Committee report presented, Friday, March 16, 2012
Committee meetings
| Meeting date | Minutes |
|---|---|
Thursday, March 8, 2012 |
Meeting 47 |
Tuesday, March 13, 2012 |
Meeting 48 |
Thursday, March 15, 2012 |
Meeting 49 |
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Friday, March 16, 2012 |
End of stage activity
Concurrence at report stage, Tuesday, March 27, 2012
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Tuesday, March 27, 2012 |
End of stage activity
Third reading, Wednesday, March 28, 2012
Chamber sittings
| Sitting date | Debates (Hansard) |
|---|---|
Wednesday, March 28, 2012 |
Sitting 101
Agreed to
(Vote 175)
|
Details
Recorded votes
House of Commons
Vote 127 — Tuesday, February 14, 2012
- Result:
- Agreed To
Time allocation for Bill S-5, An Act to amend the law governing financial institutions and to provide for related and consequential matters
- Yeas:
- 151
- Nays:
- 119
- Paired:
- 0
- Total:
- 270
Vote 175 — Wednesday, March 28, 2012
- Result:
- Agreed To
3rd reading and adoption of Bill S-5, An Act to amend the law governing financial institutions and to provide for related and consequential matters
- Yeas:
- 291
- Nays:
- 0
- Paired:
- 0
- Total:
- 291
Senate
To view the complete list of standing votes that have taken place in the Senate, please refer to the Votes page of the Senate of Canada website.Speaker's rulings and statements
There are currently no Speaker's rulings and statements.
Major speeches at second reading
Senate
| Speech date | Speech | Senator |
|---|---|---|
| Tuesday, November 29, 2011 | Sponsor’s speech(Sitting 34) | Stephen Greene (Conservative) |
| Tuesday, December 6, 2011 | Response speech(Sitting 37) | Céline Hervieux-Payette (Liberal) |
House of Commons
| Speech date | Speech | Member of Parliament |
|---|---|---|
| Friday, February 3, 2012 | Sponsor’s speech(Sitting 73) | Shelly Glover (Conservative) |
| Friday, February 3, 2012 | Response speech(Sitting 73) | Robert Chisholm (NDP) |
| Friday, February 3, 2012 | Response speech(Sitting 73) | Massimo Pacetti (Liberal) |
About
Legislative summary
A legislative summary of this bill is available from the Library of Parliament.
Similar bills
No similar bills were introduced during previous sessions or Parliaments
Departmental information
Press releases
Background information
From the Library of Parliament
The Library of Parliament’s research publications provide non-partisan, reliable and timely information and analysis on current and emerging issues, legislation and major public policy topics.
Further reading
2012 amendments to Canada's "Bank Act" : bill S-5: "Financial System Review Act".
Clark, Stephen D. A.
Canadian business law journal, 52:372-89
A critical examination of recently proposed amendments to the "Bank Act" security provisions [Bill S-5, 41-1].
Bangsund, Clayton Darryl.
Saskatchewan Law Review, 75 (2):211-43
In defence of secret liens [electronic resource] : or how the Supreme Court presses Parliament to harmonize Section 427 of the "Bank Act" with the PPSA's ["Personal Property Security Act" of Saskatchewan].
Crawford, Bradley.
Banking & Finance Law Review, 26:305-14