Thank you, Madam Chair. The Standing Committee on Social Programs conducted its public review of Bill 8, An Act to Amend the Securities Act, on August 23, 2012. The committee thanks the Minister and his staff for presenting the bill. The bill modernizes the Securities Act and provides for a stronger regulatory system, protecting NWT investors from improper or fraudulent practices. Following the committee’s review, a motion was carried to report Bill 8, An Act to Amend the Securities Act, to the Assembly as ready for consideration in Committee of the Whole.

This concludes the committee’s opening comments on Bill 8. Individual Members may have additional questions or comments as we proceed. Thank you, Madam Chair.