273 (1) No person, including a bank, shall distribute securities of a bank except in accordance with the regulations made under subsection (2).
(2) The Governor in Council may make regulations respecting the distribution of securities of a bank, including
(a) respecting the information that is to be disclosed by a bank before the distribution of any of its securities, including the information that is to be included in a prospectus;
(b) respecting the manner of disclosure and the form of the information that is to be disclosed; and
(c) exempting any class of distribution of securities from the application of subsection (1).
- 1991, c. 46, s. 273
- 2005, c. 54, s. 57
- Date modified: