SOR/2001-384200110

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COOPERATIVE CREDIT ASSOCIATIONS ACTExemption from Restrictions on Investments (Cooperative Credit Associations) RegulationsP.C.2001-1755  200110

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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 396(a)a and (b)a of the Cooperative Credit Associations Actb, hereby makes the annexed Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations.aS.C. 2001, c. 9, s. 314bS.C. 1991, c. 48Exemption from Restrictions on Investments

Prescribed circumstances1For the purposes of subparagraph 390(3)(d)(ii) of the Cooperative Credit Associations Act, subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.

Coming into Force

Coming into force*2These Regulations come into force on the day on which paragraphs 396(a) and (b) of the Cooperative Credit Associations Act, as enacted by section 314 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, come into force.*[Note: Regulations in force October 24, 2001, see SI/2001-102.]