Mahsi, Mr. Speaker. Mr. Speaker, I move, seconded by the honourable Member for Thebacha, that Bill 12, Securities Transfer Act, be read for the second time.

Mr. Speaker, this bill enacts a uniform Securities Transfer Act to govern the transfer and holdings of securities and the interests in securities consistent with legislation currently enacted or being enacted in all provinces and territories. The bill provides for consequential amendments to the Business

Corporation Act, Personal Property Security Act and Seizures Act. Mahsi, Mr. Speaker.