Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 531 a of the Trust and Loan Companies Act b, hereby makes the annexed Equity of a Trust and Loan Company Regulations. S.C. 2001, c. 9, s. 569 S.C. 1991, c. 45
Equity of a Company
For the purposes of the Trust and Loan Companies Act, the equity of a company is the sum of the shareholders’ equity of the company and the minority interests in entities controlled by the company, as they appear in the consolidated financial statements of the company.
Coming into Force
These Regulations come into force on the day on which paragraph 531(f.1) of the Trust and Loan Companies Act, as enacted by section 569 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.[Note: Regulations in force October 24, 2001, see SI/2001-102.]