GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 7
7 The following entities must determine on a continuing basis whether they are in possession or control of property owned, held or controlled by or on behalf of a listed person: (a) authorized foreign banks , as defined in section 2 of the Bank Act , in respect of their business in Canada, and banks regulated by that Act; (b) cooperative credit societies, savings and credit unions and caisses populaires regulated by a provincial Act and associations regulated by the Cooperative Credit Associations Act ; (c) foreign companies , as defined in subsection 2(1) of the Insurance Companies Act , in respect of their insurance activities in Canada; (d) companies , provincial companies and societies , as those terms are defined in subsection 2(1) of the Insurance Companies Act ; (e) fraternal benefit societies regulated by a provincial Act in respect of their insurance activities and insurance companies and other entities regulated by a provincial Act that are engaged in the business of insuring risks; (f) companies regulated by the Trust and Loan Companies Act ; (g) trust companies regulated by a provincial Act; (h) loan companies regulated by a provincial Act; (i) entities that engage in any activity referred to in paragraph 5(h) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act if the activity involves the opening of an account for a client; and (j) entities authorized under provincial legislation to engage in the business of dealing in securities or to provide portfolio management or investment counselling services. SOR/2001-441, s. 2; SOR/2006-165, s. 8; SOR/2009-191, s. 1(E) SOR/2019-60, s. 5
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 8
8 (1) Every person in Canada, every Canadian outside Canada and every entity set out in section 7 must disclose without delay to the Commissioner of the Royal Canadian Mounted Police or to the Director of the Canadian Security Intelligence Service (a) the existence of property in their possession or control that they have reason to believe is owned, held or controlled by or on behalf of a listed person; and (b) any information about a transaction or proposed transaction in respect of property referred to in paragraph (a). (2) No proceedings under the United Nations Act and no civil proceedings lie against a person for a disclosure made in good faith under subsection (1). SOR/2006-165, s. 9; SOR/2009-191, s. 2(E) SOR/2019-60, s. 5
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 9
9 (1) A person that wishes to engage in any activity that is prohibited under these Regulations may, before doing so, apply to the Minister in writing for a certificate to exempt the activity from the application of the Regulations. (2) The Minister must issue the certificate if the Security Council of the United Nations did not intend that such an activity be prohibited or if the Security Council of the United Nations or the Committee of the Security Council has approved the activity in advance. SOR/2006-165, s. 10 SOR/2019-60, s. 5 SOR/2024-138, s. 4
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 10
10 (1) A person whose property is affected by the application of section 4 may apply to the Minister in writing for a certificate to exempt the property from the application of that section if the property is necessary for basic or extraordinary expenses. (2) If it is established in accordance with Resolution 1452 (2002) of December 20, 2002, adopted by the Security Council of the United Nations, that the property is necessary for basic or extraordinary expenses, the Minister must issue a certificate within the following time periods: (a) within 15 working days after receiving the application, in the case of property that is necessary for basic expenses, if the Committee of the Security Council does not oppose the application; and (b) within 30 working days after receiving the application, in the case of property that is necessary for extraordinary expenses, if that Committee approves the application. SOR/2006-165, s. 10 SOR/2019-60, s. 5 SOR/2023-70, s. 2(E)
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 11
11 (1) A person whose name is the same as or similar to the name of a listed person and that claims not to be that person may apply to the Minister in writing for a certificate stating that they are not that listed person. (2) Within 45 working days after receiving the application, the Minister must (a) if it is established that the applicant is not the listed person, issue the certificate; or (b) if it is not so established, provide notice to the applicant of his or her determination. SOR/2001-441, s. 3; SOR/2006-165, s. 11 SOR/2019-60, s. 5 SOR/2024-138, s. 5
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 12
12 These Regulations come into force on the day on which they are registered.
Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism — 32
32 For the purpose of paragraph 11(2)(a) of the Statutory Instruments Act , these Regulations apply before they are published in the Canada Gazette .
Aggregate Financial Exposure (Banks) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978 a of the Bank Act b , hereby makes the annexed Aggregate Financial Exposure (Banks) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Aggregate Financial Exposure (Banks) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Bank Act .
Aggregate Financial Exposure (Banks) Regulations — 2
Aggregate financial exposure 2 For the purpose of subsection 495.2(1) of the Act, the aggregate financial exposure of a bank is the amount determined by the formula A + B + C - D where A is the book value of all investments by the bank and its subsidiaries in securities of the related party; B is the total of the principal amounts of all outstanding loans to the related party that are held by the bank and its subsidiaries, other than (a) loans referred to in paragraph 491(a) of the Act, and (b) deposits made for clearing purposes with a financial institution that is a direct clearer or a member of a clearing group under the by-laws of the Canadian Payments Association; C is the total of all outstanding amounts in respect of endorsements, acceptances or guarantees by the bank and its subsidiaries on behalf of the related party, other than guarantees referred to in paragraph 491(a) of the Act; and D is the total of all amounts included in the value of A, B and C in respect of transactions referred to in section 490 of the Act.
Aggregate Financial Exposure (Banks) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which section 495.2 of the Bank Act , as enacted by section 129 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.]
Aggregate Financial Exposure (Insurance Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Aggregate Financial Exposure (Insurance Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Aggregate Financial Exposure (Insurance Companies) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Insurance Companies Act .
Aggregate Financial Exposure (Insurance Companies) Regulations — 2
Aggregate financial exposure 2 For the purpose of subsection 528.2(1) of the Act, the aggregate financial exposure of a company is the amount determined by the formula A + B + C - D where A is the book value of all investments by the company and its subsidiaries in securities of the related party; B is the total of the principal amounts of all outstanding loans to the related party that are held by the company and its subsidiaries, other than (a) loans referred to in paragraph 525(a) of the Act, and (b) deposits made for clearing purposes with a financial institution that is a direct clearer or a member of a clearing group under the by-laws of the Canadian Payments Association; C is the total of all outstanding amounts in respect of endorsements, acceptances or guarantees by the company and its subsidiaries on behalf of the related party, other than guarantees referred to in paragraph 525(a) of the Act; and D is the total of all amounts included in the value of A, B and C in respect of transactions referred to in section 522 of the Act.
Aggregate Financial Exposure (Insurance Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which section 528.2 of the Insurance Companies Act , as enacted by section 429 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.]
Aggregate Financial Exposure (Trust and Loan Companies) Regulations — a
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 Aggregate Financial Exposure (Trust and Loan Companies) Regulations . a S.C. 2001, c. 9, s. 569 b S.C. 1991, c. 45
Aggregate Financial Exposure (Trust and Loan Companies) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Trust and Loan Companies Act .
Aggregate Financial Exposure (Trust and Loan Companies) Regulations — 2
Aggregate financial exposure 2 For the purpose of subsection 483.2(1) of the Act, the aggregate financial exposure of a company is the amount determined by the formula A + B + C - D where A is the book value of all investments by the company and its subsidiaries in securities of the related party; B is the total of the principal amounts of all outstanding loans to the related party that are held by the company and its subsidiaries, other than (a) loans referred to in paragraph 479(a) of the Act, and (b) deposits made for clearing purposes with a financial institution that is a direct clearer or a member of a clearing group under the by-laws of the Canadian Payments Association; C is the total of all outstanding amounts in respect of endorsements, acceptances or guarantees by the company and its subsidiaries on behalf of the related party, other than guarantees referred to in paragraph 479(a) of the Act; and D is the total of all amounts included in the value of A, B and C in respect of transactions referred to in section 478 of the Act.
Aggregate Financial Exposure (Trust and Loan Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which section 483.2 of the Trust and Loan Companies Act , as enacted by section 552 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.]
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — 1
Definition 1 In these Regulations, Act means the Insurance Companies Act .
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — 2
Prescribed activities 2 (1) For the purpose of paragraph 495(2)(f) of the Act, the following activities are prescribed in relation to an entity and a life company that acquires control of, or acquires or increases a substantial investment in, the entity: (a) the provision of safety and risk prevention services and services respecting risk management and claims adjustment; (b) the operation of rehabilitation and training and development centres; (c) the provision of computer systems to independent insurance brokers and agents; (d) the provision of support to independent insurance brokers and agents; (e) the operation of repair and appraisal centres; and (f) any other activities that are reasonably ancillary to the business of insurance carried on by the life company. Prescribed term or condition (2) For the purpose of paragraph 495(2)(f) of the Act, a prescribed term or condition is that the activities referred to in paragraphs (1)(a) to (e) must be reasonably ancillary to the business of insurance carried on by the life company.
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — 3
Prescribed activities 3 (1) For the purpose of paragraph 495(4)(f) of the Act, the following activities are prescribed in relation to an entity and a property and casualty company or marine company that acquires control of, or acquires or increases a substantial investment in, the entity: (a) the provision of safety and risk prevention services and services respecting risk management and claims adjustment; (b) the operation of rehabilitation and training and development centres; (c) the provision of computer systems to independent insurance brokers and agents; (d) the provision of support to independent insurance brokers and agents; (e) the operation of repair and appraisal centres; and (f) any other activities that are reasonably ancillary to the business of insurance carried on by the company. Prescribed term or condition (2) For the purpose of paragraph 495(4)(f) of the Act, a prescribed term or condition is that the activities referred to in paragraphs (1)(a) to (e) must be reasonably ancillary to the business of insurance carried on by the property and casualty company or the marine company. SOR/2009-296, s. 25
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — 4
Prescribed activities 4 For the purpose of paragraph 554(2)(f) of the Act in relation to an entity and a society that acquires control of, or acquires or increases a substantial investment in, the entity, prescribed activities are activities that are reasonably ancillary to the society’s insurance business.
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — 5
Prescribed activities 5 (1) For the purpose of paragraph 971(2)(f) of the Act, the following activities are prescribed in relation to an entity and an insurance holding company that acquires control of, or acquires or increases a substantial investment in, the entity: (a) the provision of safety and risk prevention services and services respecting risk management and claims adjustment; (b) the operation of rehabilitation and training and development centres; (c) the provision of computer systems to independent insurance brokers and agents; (d) the provision of support to independent insurance brokers and agents; (e) the operation of repair and appraisal centres; and (f) any other activities that are reasonably ancillary to the business of insurance carried on by a company controlled by the insurance holding company. Prescribed term or condition (2) For the purpose of paragraph 971(2)(f) of the Act, a prescribed term or condition is that the activities referred to in paragraphs (1)(a) to (e) must be reasonably ancillary to the business of insurance carried on by a company controlled by the insurance holding company.
Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations — Coming into force
Coming into force * 6 These Regulations come into force on the day on which section 495 of the Insurance Companies Act , as enacted by section 426 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.]
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Commercial Loan (Insurance Companies, Societies and Insurance Holding Companies) Regulations . a S.C. 2001, c.9, s. 465 b S.C. 1991, c. 47
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Insurance Companies Act .
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 2
Prescribed international agencies 2 For the purposes of the definition commercial loan in subsection 490(1) of the Act, the prescribed international agencies are (a) the International Bank for Reconstruction and Development; (b) the International Finance Corporation; (c) the Inter-American Development Bank; (d) the Asian Development Bank; (e) the African Development Bank; (f) the European Investment Bank; (g) the Caribbean Development Bank; (h) the Nordic Investment Bank; (i) the European Bank for Reconstruction and Development; and (j) the Council of Europe Development Bank.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 3
Definition of widely distributed 3 (1) For the purposes of the definition commercial loan in subsection 490(1) of the Act, widely distributed means (a) in respect of debt obligations the distribution of which is exempt from the requirement to file a prospectus under the laws of Canada, a province or a jurisdiction outside Canada, that (i) at least 90% of the maximum authorized principal of the debt obligations is held by one or more persons other than the company and its subsidiaries, and (A) the debt obligations were issued to at least 25 persons other than the company and its subsidiaries within six months after the day on which the first of the debt obligations was issued, or (B) if the debt obligations are issued on a continuous basis, there are on average at least 25 holders other than the company and its subsidiaries, or (ii) at the time of their initial distribution, the debt obligations met at least three of the following criteria: (A) their initial term was less than one year, (B) they were rated by a rating agency, (C) they were distributed through a person authorized to trade in securities, and (D) they were distributed in accordance with an offering circular or memorandum, or a similar document relating to the distribution of securities; or (b) in respect of any other securities, that (i) they are listed and posted for trading on a recognized stock exchange, or (ii) a prospectus relating to the issuance of the securities was filed under the laws of Canada, a province or a jurisdiction outside Canada. Definition of maximum authorized principal (2) In subparagraph (1)(a)(i) maximum authorized principal means, in relation to any debt obligation, the maximum amount of debt that may be issued under the terms of the debt obligation or any agreement relating to it.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 4
Prescribed subsidiaries of a life company 4 (1) For the purposes of sections 503 and 504 of the Act, all subsidiaries of a life company are prescribed subsidiaries of the company. Prescribed subsidiaries of a property and casualty company (2) For the purpose of section 505 of the Act, a prescribed subsidiary of a property and casualty company is a subsidiary of the company that is not (a) a financial institution; (b) a bank holding company or an insurance holding company; (c) a subsidiary of a financial institution, other than where the subsidiary is a subsidiary of a financial institution only because it is a subsidiary of the company; or (d) a subsidiary of a bank holding company or an insurance holding company.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 5
Prescribed percentage 5 For the purpose of section 505 of the Act, the prescribed percentage is 5%.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 6
Definition of total assets of a life company 6 (1) For the purpose of section 503 of the Act, total assets , in respect of a life company, at a particular time, means the total of the assets that would be reported on the balance sheet of the company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 331(4) of the Act. Definition of total assets of a property and casualty company and a marine company (2) For the purpose of section 505 of the Act, total assets , in respect of a property and casualty company or a marine company, at a particular time, means the amount determined by the formula A - B where A is the total of the assets that would be reported on the balance sheet of the company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 331(4) of the Act; and B is the total of the assets included in the value of A that are assets of a subsidiary of the company that is (a) a financial institution; (b) a bank holding company or an insurance holding company; (c) a subsidiary of a financial institution, other than where the subsidiary is a subsidiary of a financial institution only because it is a subsidiary of the company; or (d) a subsidiary of a bank holding company or an insurance holding company. SOR/2009-296, s. 27
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 7
Prescribed subsidiaries of a society 7 For the purpose of section 562 of the Act, a prescribed subsidiary of a society is a subsidiary of the society that is not (a) a financial institution; or (b) a subsidiary of a financial institution, other than where the subsidiary is a subsidiary of a financial institution only because it is a subsidiary of the society.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 8
Prescribed percentage 8 For the purpose of section 562 of the Act, the prescribed percentage is (a) if the society has twenty-five million dollars or less of capital, 5%; and (b) if the society has more than twenty-five million dollars of capital, 100%.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 9
Definition of total assets of a society 9 For the purpose of section 562 of the Act, total assets , in respect of a society, at a particular time, means the amount determined by the formula A - B where A is the total of the assets that would be reported on the balance sheet of the society prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 331(4) of the Act; and B is the total of the assets included in the value of A that are assets of a subsidiary of the society that is a financial institution or that are assets of a subsidiary of a financial institution other than where the subsidiary is a subsidiary of a financial institution only because it is a subsidiary of the society.
Commercial Loan (Insurance Companies, Societies, Insurance Holding Companies and Foreign Companies) Regulations — 10
Prescribed subsidiaries of an insurance holding company 10 For the purpose of sections 979 and 980 of the Act, all subsidiaries of an insurance holding company are prescribed subsidiaries of the insurance holding company.