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.

Marginal note:Non-application

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).

Marginal note:Coming into force

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