Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations (SOR/2001-386)
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Regulations are current to 2024-11-26
Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations
SOR/2001-386
Registration 2001-10-04
Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations
P.C. 2001-1757 2001-10-04
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 459(a)Footnote a and (b)Footnote a of the Trust and Loan Companies ActFootnote b, hereby makes the annexed Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations.
Return to footnote aS.C. 2001, c. 9, s. 550
Return to footnote bS.C. 1991, c. 45
Exemption from Restrictions on Investments
Marginal note:Prescribed circumstances
1 For the purposes of subparagraph 453(3)(f)(ii) of the Trust and Loan Companies Act, subsections 453(4) to (6) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 451(2), paragraph 451(3)(b) or (c) or subsection 451(4) or 453(1) or (2) of the Act.
Coming into Force
Marginal note:Coming into force
Footnote *2 These Regulations come into force on the day on which paragraphs 459(a) and (b) of the Trust and Loan Companies Act, as enacted by section 550 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, come into force.
Return to footnote *[Note: Regulations in force October 24, 2001, see SI/2001-102.]
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