Securities Act

Overview

The Securities Act (RSNS 1989, c. 418) prohibits companies or people from taking reprisals against anyone who, while acting in good faith, makes or expresses intent in making a disclosure, gives evidence at a relevant proceeding, or cooperates with a relevant examination or investigation.

What kind of disclosure is protected?

Under the Act, people are protected from reprisals for giving evidence at a hearing or similar proceeding and for cooperating with a review, investigation, examination or inspection s. 148A(1).

Disclosures are protected when they are made to the commission, a recognized self-regulatory organization, or a law enforcement agency.

Who is eligible for protection?

This Act protects employees who, while acting in good faith, sought advice about making a disclosure, expressed an intent to disclose, or made a disclosure.

How are whistleblowers protected?

A person or company is protected from reprisals and the threat of reprisals including disciplinary measures, demotions, termination of employment or contract of services, measures that adversely affect the person’s working conditions s. 148A(2).

In a proceeding related to the contravention of the protections above, it is not necessary to prove that the person made or intended to make a disclosure, nor that the person cooperated with a review, investigation, examination, or inspection s. 148A(3).