CONSOLIDATION

Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations

SOR/2001-386

Current to June 20, 2022



OFFICIAL STATUS OF CONSOLIDATIONS Subsections 31(1) and (3) of the Legislation Revision and Consolidation Act, in force on June 1, 2009, provide as follows: Published consolidation is evidence

31 (1) Every copy of a consolidated statute or consolidated regulation published by the Minister under this Act in either print or electronic form is evidence of that statute or regulation and of its contents and every copy purporting to be published by the Minister is deemed to be so published, unless the contrary is shown. ... Inconsistencies in regulations

(3) In the event of an inconsistency between a consolidated regulation published by the Minister under this Act and the original regulation or a subsequent amendment as registered by the Clerk of the Privy Council under the Statutory Instruments Act, the original regulation or amendment prevails to the extent of the inconsistency.

LAYOUT The notes that appeared in the left or right margins are now in boldface text directly above the provisions to which they relate. They form no part of the enactment, but are inserted for convenience of reference only.

NOTE This consolidation is current to June 20, 2022. Any amendments that were not in force as of June 20, 2022 are set out at the end of this document under the heading “Amendments Not in Force”.

Current to June 20, 2022

TABLE OF PROVISIONS Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations

Exemption from Restrictions on Investments 1

Prescribed circumstances

Coming into Force *2

Coming into force

Current to June 20, 2022

ii

Registration SOR/2001-386

October 4, 2001

TRUST AND LOAN COMPANIES ACT Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations

P.C. 2001-1757

October 4, 2001

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 459(a)a and (b)a of the Trust and Loan Companies Actb, hereby makes the annexed Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations.

a

S.C. 2001, c. 9, s. 550

b

S.C. 1991, c. 45

Current to June 20, 2022

Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations

Exemption from Restrictions on Investments Prescribed circumstances 1 For the purposes of subparagraph 453(3)(f)(ii) of the

Trust and Loan Companies Act, subsections 453(4) to (6) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 451(2), paragraph 451(3)(b) or (c) or subsection 451(4) or 453(1) or (2) of the Act.

Coming into Force Coming into force 2 These Regulations come into force on the day on which paragraphs 459(a) and (b) of the Trust and Loan Companies Act, as enacted by section 550 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.]

Current to June 20, 2022

