EXEMPTION FROM RESTRICTIONS ON INVESTMENTS
Marginal note:Exemption from restrictions
4. For the purposes of subparagraph 3(3)(e)(ii), subsections 495(6) to (8) of the Act do not apply in determining whether a life company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 493(4) or 495(1) or (2) of the Act.
NON-APPLICATION OF SUBSECTION 495(7) OF THE ACT
5. Subsection 495(7) of the Act does not apply where, under paragraph 495(2)(f) of the Act, a life company acquires control of, or acquires or increases 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).
COMING INTO FORCE
Marginal note:Coming into force
6. These Regulations come into force on the day on which they are registered.
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