I don't know about the federal government, but provincially MLAs have to provide full information on what they hold and they can be ordered to make changes if there are potential improprieties. I would imagine that the same type of restrictions are in place federally.
To be honest, I'm not sure why anyone would knowingly put themselves in these positions though? It would obviously be politically devastating if for example they held shares in Progress Energy and approved the sale, or bought shares this morning only to reverse their stance on the sale next week. You would have to be incredibly short-sighted to think it would work and that it would be a good idea.
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