Governor Pearey before delivering speech from the throne A new Investment Bill geared at addressing market abuse will be introduced by government in an upcoming session of the House of Assembly.
The Investment Bill will target insider trading, market manipulation and other criminal offences and is also expected to complement the existing Anti-Money Laundering and Counter Terrorist Financing laws.
His Excellency Governor David Pearey, during his speech from the throne on Tuesday, also announced that significant amendments will be introduced to the House concerning the Proceeds of Criminal Conduct (Amendment) Bill, Drug Trafficking Offences (Amendment) Bill, International Criminal Justice Co-operation (Amendment) Bill, Financial Investigation Agency (Amendment) Bill, and Drugs Prevention of Misuses (Amendment) Bill.
To protect the people and also strengthen the crime fighting capabilities of the RVIPF and other law enforcement agencies, His Excellency announced that the Government will introduce a Justice Protection Bill and other measures.
“In the sphere of good governance amendments to the Register of Interests Act and the Elections Act will also be brought forward,” he further disclosed.
Governor Pearey reminded the House that an effort to modernize the territory’s justice system had resulted in a new Jury Bill, replacing that of 1914, which had its first reading during the last session. “The bill will be re-introduced for subsequent approval by this House in the coming year,” he said.
He also pointed out that upon the finalization of renewed consultations concerning the draft Legal Profession Bill, government will introduce a bill in the house.
Regarding the territory’s infrastructure, it was disclosed that in 2010 there will be a comprehensive review of the Telecommunications Act, 2006 to ensure that the Act fully reflects the international best practices as adapted to the needs and requirements of the Territory. Such amendments will also correct deficiencies of the Act.
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