Insurance and Bank Web site regulations may have to wait for the federal election

Canada’s government has now officially fallen, and the resultant election will likely postpone the official seal of approval of new regulations prohibiting banks from promoting unauthorized insurance on their Web sites.
Canadian Prime Minister Stephen Harper’s government fell in a non-confidence motion on Mar. 25, paving the way for a federal election.
But although the regulations may be delayed until the outcome of the election, regulations, unlike legislation, do not die on the order paper; they do not require re-introduction into Parliament. In other words, pending regulations remain in play until such time as the government gives them an official blessing, which could happen at any time, although this is not often done in the middle of an election.
Most expect the new government to make the new regulations official once they form a new government after the election.
Insurance brokers note the regulations have received support from the Conservative Party of Canada, the Liberal Party, the NDP and the Bloc Quebecois.
As of press time, the date of the election had not been set.