In response to a consultation by the Ontario Ministry of the Attorney General, FAIR Canada has endorsed the Ministry’s proposal to introduce and develop a program to reunite owners with their unclaimed intangible property, including interests recognized by such instruments as share certificates and bonds. We recommended that the public registry of unclaimed intangible property be made as accessible and user-friendly as possible, in order to make it effective at reuniting owners with their property. FAIR Canada also provided suggestions aimed at reducing the further accumulation of such unclaimed intangible property. Similar programs already exist in the provinces of Alberta and Quebec and the Bank of Canada administers a program for unclaimed bank balances.
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