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Specialized Financing (Banks) Regulations (SOR/2001-428)

Regulations are current to 2021-05-04 and last amended on 2008-05-15. Previous Versions

Acquisition of Specialized Financing Entities (continued)

Marginal note:Control not required

 Subsection 468(4) of the Act does not apply to a bank’s acquisition or increase of a substantial investment in an entity by way of specialized financing activities in accordance with these Regulations.

Marginal note:Approvals not required

 Subsections 468(5) and (6) of the Act do not apply to a bank’s acquisition of control of, or its acquisition or increase of a substantial investment in, an entity by way of specialized financing activities in accordance with these Regulations.

Repeal

Marginal note:Repeal

 [Repeal]

Coming into Force

Marginal note:Coming into force

Footnote * These Regulations come into force on the day on which sections 467, 474 and 978 of the Bank Act, as enacted by sections 127 and 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, come into force.

 
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