Hyperlawhypertext legal database Distributing Trust and Loan Company Regulations current to 2019-06-21

SOR-2006-306 Distributing Trust and Loan Company Regulations

Current to 2019-06-21 · last amended 2008-03-11

Contents
Provision

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 2.3(1) a of the Trust and Loan Companies Act b, hereby makes the annexed Distributing Trust and Loan Company Regulations. S.C. 2005, c. 54, s. 369 S.C. 1991, c. 45

Interpretation

s. 1

In these Regulations, Act means the Trust and Loan Companies Act.

Distributing

s. 2
s. 2(1)

For the purpose of the Act and subject to subsection (2), any one of the following constitutes a distributing company:

s. 2(1)(a)

a company that is a reporting issuer under any legislation that is set out in column 2 of the schedule; or

s. 2(1)(b)

in the case of a company that is not a reporting issuer referred to in paragraph (a), a company

s. 2(1)(b)(i)

that has filed a prospectus or registration statement under provincial or foreign legislation,

s. 2(1)(b)(ii)

any of the securities of which are listed and posted for trading on a stock exchange in or outside Canada, or

s. 2(1)(b)(iii)

that is involved in, is formed for, results from or is continued after an amalgamation, a reorganization, an arrangement or a statutory procedure, if one of the participating bodies corporate is an entity referred to in subparagraph (i) or (ii).

s. 2(2)

A company that is subject to an exemption under provincial securities legislation, or to an order of the relevant provincial securities regulator that provides that the company is not a reporting issuer for the purposes of the applicable legislation, is not a distributing company for the purpose of subsection (1).

Coming into Force

s. 3

These Regulations come into force on the day on which they are registered.

Schedule

REPORTING ISSUER Column 1 Column 2 Item Jurisdiction Legislation 1 Ontario 2 Quebec 3 Nova Scotia 4 New Brunswick 5 Manitoba 6 British Columbia 7 Saskatchewan 8 Alberta 9 Newfoundland and Labrador

SCHEDULE