Because these provisions must apply to transfers involving a broad range of investment property, and not just securities issued by Alberta corporations, they should be removed from the ABCA and placed in a separate statute. We have also recommended that Alberta legislation should be uniform with other provincial and federal legislation governing transfers of investment securities. With the rapid growth of cross-border transactions, the need for uniformity in this area is compelling. The use of a separate statute is a vital component of uniformity because various provinces and.
