Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 273 a of the Trust and Loan Companies Act b, hereby makes the annexed Insider Reports (Trust and Loan Companies) Regulations. S.C. 2005, c. 54, s. 421 S.C. 1991, c. 45
Interpretation
In these Regulations, Act means the Trust and Loan Companies Act.
Insider Reports
For the purpose of paragraph 273(a) of the Act, an insider means an insider as it is defined, for the purpose of insider reports, under any legislation set out in column 2 of the schedule.
For the purpose of paragraph 273(b) of the Act, the required form and content of an insider report are to be the form and content required for insider reports under any legislation set out in column 2 of the schedule.
For the purpose of paragraph 273(c) of the Act, the procedure for submission and publication of insider reports is to be the procedure required for the submission and publication of insider reports under any legislation set out in column 2 of the schedule.
An insider required to submit an insider report under any legislation set out in column 2 of the schedule is to comply with the requirements set out in that legislation.
Exemption
A person that is subject to an exemption under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, that provides that the person is not an insider for the purposes of the applicable legislation, is not an insider for the purpose of subsection 2(1).
A person that is subject to an exemption from any or all insider reporting requirements under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, is also exempt from those requirements for the purposes of these Regulations.
Coming into Force
These Regulations come into force on the day on which they are registered.
PROVINCIAL LEGISLATION Column 1 Column 2 Item Jurisdiction Legislation 1 Ontario Securities Act, R.S.O. 1990, c. S.5, as amended from time to time 2 Quebec Securities Act, R.S.Q., c. V-1.1, as amended from time to time 3 Nova Scotia Securities Act, R.S.N.S. 1989, c. 418, as amended from time to time 4 New Brunswick Securities Act, S.N.B. 2004, c. S-5.5, as amended from time to time 5 Manitoba The Securities Act, C.C.S.M., c. S50, as amended from time to time 6 British Columbia Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time 7 Saskatchewan The Securities Act, 1988, S.S. 1988-89, c. S-42.2, as amended from time to time 8 Alberta Securities Act, R.S.A. 2000, c. S-4, as amended from time to time 9 Newfoundland and Labrador Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time