Marginal note:Exemption from restrictions

4. For the purposes of subparagraph 3(3)(e)(ii), subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.

Marginal note:Non-application

5. Subsection 390(5) of the Act does not apply where, under paragraph 390(2)(f) of the Act, an association acquires control of, or acquires or increases of a substantial investment in, an entity whose business is limited to activities described in subsection 3(1).  Nothing in this section limits the operation of subsections 3(2) and (3).

Marginal note:Coming into force

6. These Regulations come into force on the day on which they are registered.