Distributing Trust and Loan Company Regulations (SOR/2006-306)

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Regulations are current to 2024-11-26 and last amended on 2008-03-11. Previous Versions

Distributing Trust and Loan Company Regulations

SOR/2006-306

Registration 2006-11-28

Distributing Trust and Loan Company Regulations

P.C. 2006-1431 2006-11-28

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 2.3(1)Footnote ^a of the Trust and Loan Companies ActFootnote ^b, hereby makes the annexed Distributing Trust and Loan Company Regulations.

1 In these Regulations, Act means the Trust and Loan Companies Act.

2 (1) For the purpose of the Act and subject to subsection (2), any one of the following constitutes a distributing company:
- (a) a company that is a reporting issuer under any legislation that is set out in column 2 of the schedule; or
- (b) in the case of a company that is not a reporting issuer referred to in paragraph (a), a company
  - (i) that has filed a prospectus or registration statement under provincial or foreign legislation,
  - (ii) any of the securities of which are listed and posted for trading on a stock exchange in or outside Canada, or
  - (iii) that is involved in, is formed for, results from or is continued after an amalgamation, a reorganization, an arrangement or a statutory procedure, if one of the participating bodies corporate is an entity referred to in subparagraph (i) or (ii).
(2) A company that is subject to an exemption under provincial securities legislation, or to an order of the relevant provincial securities regulator that provides that the company is not a reporting issuer for the purposes of the applicable legislation, is not a distributing company for the purpose of subsection (1).

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