Trust and Loan Companies Act — T-19.8 449
hat (A) consists of a deposit made by the company with another financial institution, (B) is fully secured by a deposit with any financial institution, including the company, (C) is fully secured by debt obligations guaranteed by any financial institution other than the company, or (D) is fully secured by a guarantee of a financial institution other than the company, or (vii) a loan to an entity controlled by the company; (b) an investment in debt obligations, other than (i) debt obligations that are (A) guaranteed by any financial institution other than the company, (B) fully secured by deposits with any financial institution, including the company, or (C) fully secured by debt obligations that are guaranteed by any financial institution other than the company, (ii) debt obligations issued by the Government of Canada, the government of a province, a municipality, or by any agency thereof, or by the government of a foreign country or any political subdivision thereof, or by any agency thereof, or by a prescribed international agency, (iii) debt obligations that are guaranteed by, or fully secured by securities issued by, a government, a municipality or an agency referred to in subparagraph (ii), (iv) debt obligations that are widely distributed, as that expression is defined by the regulations, or (v) debt obligations of an entity controlled by the company; and (c) an investment in shares of a body corporate or ownership interests in an unincorporated entity, other than (i) shares or ownership interests that are widely distributed, as that expression is defined by the regulations, (ii) shares or ownership interests of an entity controlled by the company, or (iii) participating shares. ( prêt commercial ) factoring entity means a factoring entity as defined in the regulations. ( entité s’occupant d’affacturage ) finance entity means a finance entity as defined in the regulations. ( entité s’occupant de financement ) financial leasing entity means an entity (a) the activities of which are limited to the financial leasing of personal property and such related activities as are prescribed and whose activities conform to such restrictions and limitations thereon as are prescribed; and (b) that, in conducting the activities referred to in paragraph (a) in Canada, does not (i) direct its customers or potential customers to particular dealers in the leased property or the property to be leased, (ii) enter into lease agreements with persons in respect of any motor vehicle having a gross vehicle weight, as that expression is defined by the regulations, of less than twenty-one tonnes, or (iii) enter into lease agreements with natural persons in respect of personal household property, as that expression is defined by the regulations. ( entité s’occupant de crédit-bail ) loan includes an acceptance, endorsement or other guarantee, a deposit, a financial lease, a conditional sales contract, a repurchase agreement and any other similar arrangement for obtaining funds or credit but does not include investments in securities. ( prêt ou emprunt ) motor vehicle means a motorized vehicle designed to be used primarily on a public highway for the transportation of persons or things, but does not include (a) a fire-engine, bus, ambulance or utility truck; or (b) any other special purpose motorized vehicle that contains significant special features that make it suitable for a specific purpose. ( véhicule à moteur ) mutual fund distribution entity means an entity whose principal activity is acting as a selling agent of units, shares or other interests in a mutual fund and acting as a collecting agent in the collection of payments for any such interests if (a) the proceeds of the sales of any such interests, less any sales commissions and service fees, are paid to the mutual fund; and (b) the existence of a sales commission and service fee in respect of the sale of any such interest is disclosed to the purchaser of the interest before the purchase of t