Ontario Bill 198- Chapter 22 of the Statutes of Ontario, 2002

As a result of the turmoil in US markets in 2001 and 2002, regulators in Canada wanted to re-establish investor confidence in Canadian securities. In 2002, Ontario enacted Bill 198 as Chapter 22 of the Statutes of Ontario, which introduces measures similar to the Sarbanes-Oxley Act (SOX) in the United States. The TSX, located in Toronto, Ontario is the primary stock exchange in Canada, and therefore Bill 198 applies to almost all publicly traded companies in Canada. Bill 198 is also referred to as C-SOX (Canadian SOX). Read more »