Specialized Financing (Cooperative Credit Associations) Regulations

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Act

  Loi

  Act means the Cooperative Credit Associations Act. (Loi)

  book value

  valeur comptable

  book value, in respect of the shares and ownership interests held by an entity, means the book value reported on the entity’s balance sheet on an unconsolidated basis. (valeur comptable)

  specialized financing entity of the association

  entité de l’association s’occupant de financement spécial

  specialized financing entity of the association means a specialized financing entity that is controlled by the association or in which the association has a substantial investment. (entité de l’association s’occupant de financement spécial)

  subsidiary

  filiale

  subsidiary, in respect of an association, does not include a subsidiary that is a specialized financing entity of the association. (filiale)

• Definition of specialized financing entity

  (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 386(1) of the Act, specialized financing entity means an entity that acquires or holds shares of, or ownership interests in, entities that a retail association may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 388(4) of the Act.