GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Minority Investment (Cooperative Credit Associations) Regulations — 3
Restriction concerning investments 3 (1) Subject to sections 5 and 6, an association must not acquire or increase a substantial investment in a designated entity under paragraph 2(a) or give up control of a designated entity while keeping a substantial investment in it under paragraph 2(b) if, after the acquisition, increase or giving up of control, the total value of the following would exceed 50% of the association’s regulatory capital: (a) all shares and ownership interests beneficially owned by the association, and all shares and ownership interests beneficially owned by entities controlled by the association, in designated entities in which the association has a substantial investment but over which it does not exercise control, (b) all loans held by the association, and all loans held by entities controlled by the association, that were made to designated entities in which the association has a substantial investment but over which it does not exercise control, other than loans to designated entities that are not foreign institutions and that are deemed to be controlled by a group of associations, and (c) all outstanding guarantees given by the association, and all outstanding guarantees given by entities controlled by the association, on behalf of designated entities in which the association has a substantial investment but over which it does not exercise control. Meaning of control in paragraph (1)(b) (2) For the purpose of paragraph (1)(b), a designated entity is deemed to be controlled by a group of associations if the association mentioned in that paragraph and other associations beneficially own securities of the designated entity in such a number that, if the association and the other associations were one association, that association would control the designated entity.
Minority Investment (Cooperative Credit Associations) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, an association that has a substantial investment in a designated entity over which it does not exercise control must not make a loan to, or give a guarantee on behalf of, the designated entity, or permit entities controlled by it to do so, if, after the making of the loan or the giving of the guarantee, the total value of the shares, ownership interests, loans and guarantees referred to in paragraphs 3(1)(a) to (c) would exceed 50% of the association’s regulatory capital.
Minority Investment (Cooperative Credit Associations) Regulations — 5
Limitation 5 In paragraphs 3(1)(a) to (c) and section 4, any reference to a substantial investment that an association has does not include a substantial investment acquired by the association (a) under regulations made under paragraph 396(a) of the Act, other than these Regulations; or (b) by way of an investment of a specialized financing entity controlled by the association.
Minority Investment (Cooperative Credit Associations) Regulations — 6
Calculation of total value in section 3 or 4 6 For the purposes of calculating the total value referred to in subsection 3(1) or section 4 in respect of an association, no amount may be included in respect of shares or ownership interests acquired under sections 393 to 395 of the Act or acquired by a bank controlled by the association under subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985.
Minority Investment (Cooperative Credit Associations) Regulations — Coming into force
Coming into force * 8 These Regulations come into force on the day on which section 396 of the Cooperative Credit Associations Act , as enacted by section 314 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.]
Minority Investment (Insurance Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 501 a of the Insurance Companies Act b , hereby makes the annexed Minority Investment (Insurance Companies) Regulations . a S.C. 2001, c. 9, s. 426 b S.C. 1991, c. 47
Minority Investment (Insurance Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies Act . ( Loi ) designated entity means (a) an entity referred to in any of paragraphs 495(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 495(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 495(2)(b) or (4)(b) of the Act, including a specialized financing entity, other than an entity in which a company is permitted to acquire or increase a substantial investment under subparagraph 495(6)(c)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Insurance Companies) Regulations . ( capital réglementaire ) value means (a) in respect of a share, ownership interest or loan held by a company at a particular time, the book value of the share, ownership interest or loan 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) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 25(F)
Minority Investment (Insurance Companies) Regulations — Minority Investment (Insurance Companies) Regulations
Act means the Insurance Companies Act . ( Loi )
Minority Investment (Insurance Companies) Regulations — (a)
designated entity means (a) an entity referred to in any of paragraphs 495(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 495(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 495(2)(b) or (4)(b) of the Act, including a specialized financing entity, other than an entity in which a company is permitted to acquire or increase a substantial investment under subparagraph 495(6)(c)(iii) of the Act. ( entité désignée )
Minority Investment (Insurance Companies) Regulations — Minority Investment (Insurance Companies) Regulations
regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Insurance Companies) Regulations . ( capital réglementaire )
Minority Investment (Insurance Companies) Regulations — (a)
value means (a) in respect of a share, ownership interest or loan held by a company at a particular time, the book value of the share, ownership interest or loan 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) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Insurance Companies) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purposes of subparagraphs 495(6)(a)(ii), (b)(ii) and (c)(ii) of the Act, a company may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 495(12)(a) of the Act, if a company controls a designated entity, the company may give up control of the designated entity while keeping a substantial investment in it.
Minority Investment (Insurance Companies) Regulations — 3
Restriction concerning investments 3 Subject to sections 5 and 6, a company must not acquire or increase a substantial investment in a designated entity under paragraph 2(a) or give up control of a designated entity while keeping a substantial investment in it under paragraph 2(b) if, after the acquisition, increase or giving up of control, the total value of the following would exceed 50% of the company’s regulatory capital: (a) all shares and ownership interests beneficially owned by the company, and all shares and ownership interests beneficially owned by entities controlled by the company, in designated entities in which the company has a substantial investment but over which it does not exercise control, (b) all loans held by the company, and all loans held by entities controlled by the company, that were made to designated entities in which the company has a substantial investment but over which it does not exercise control, and (c) all outstanding guarantees given by the company, and all outstanding guarantees given by entities controlled by the company, on behalf of designated entities in which the company has a substantial investment but over which it does not exercise control.
Minority Investment (Insurance Companies) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, a company that has a substantial investment in a designated entity over which it does not exercise control must not make a loan to, or give a guarantee on behalf of, the designated entity, or permit entities controlled by it to do so, if, after the making of the loan or the giving of the guarantee, the total value of the shares, ownership interests, loans and guarantees referred to in paragraphs 3(a) to (c) would exceed 50% of the company’s regulatory capital.
Minority Investment (Insurance Companies) Regulations — 5
Limitation 5 In paragraphs 3(a) to (c) and section 4, any reference to a substantial investment that a company has does not include a substantial investment acquired by the company (a) under regulations made under paragraph 501(a) of the Act, other than these Regulations; (b) under subsection 493(3.1) of the Act, as that subsection read before the coming into force of section 426 of the Financial Consumer Agency of Canada Act , S.C. 2001, c. 9; or (c) by way of an investment of a specialized financing entity controlled by the company.
Minority Investment (Insurance Companies) Regulations — 6
Calculation of total value in section 3 or 4 6 For the purpose of calculating the total value referred to in section 3 or 4 in respect of a company, no amount may be included in respect of shares or ownership interests acquired under sections 498 to 500 of the Act or acquired by a bank controlled by the company under subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985.
Minority Investment (Insurance Companies) Regulations — Coming into force
Coming into force * 8 These Regulations come into force on the day on which section 501 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.]
Minority Investment (Insurance Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 977 a of the Insurance Companies Act b , hereby makes the annexed Minority Investment (Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Minority Investment (Insurance Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies Act . ( Loi ) designated entity means (a) an entity referred to in any of paragraphs 971(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 971(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 971(2)(b) of the Act, including a specialized financing entity, other than an entity in which an insurance holding company is permitted to acquire or increase a substantial investment under subparagraph 971(4)(c)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 2 of the Regulatory Capital (Insurance Holding Companies) Regulations . ( capital réglementaire ) value means (a) in respect of a share, ownership interest or loan held by an insurance holding company at a particular time, the book value of the share, ownership interest or loan that would be reported on the balance sheet of the insurance holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 887(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 26
Minority Investment (Insurance Holding Companies) Regulations — Minority Investment (Insurance Holding Companies) Regulations
Act means the Insurance Companies Act . ( Loi )
Minority Investment (Insurance Holding Companies) Regulations — (a)
designated entity means (a) an entity referred to in any of paragraphs 971(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 971(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 971(2)(b) of the Act, including a specialized financing entity, other than an entity in which an insurance holding company is permitted to acquire or increase a substantial investment under subparagraph 971(4)(c)(iii) of the Act. ( entité désignée )
Minority Investment (Insurance Holding Companies) Regulations — Minority Investment (Insurance Holding Companies) Regulations
regulatory capital has the same meaning as in section 2 of the Regulatory Capital (Insurance Holding Companies) Regulations . ( capital réglementaire )
Minority Investment (Insurance Holding Companies) Regulations — (a)
value means (a) in respect of a share, ownership interest or loan held by an insurance holding company at a particular time, the book value of the share, ownership interest or loan that would be reported on the balance sheet of the insurance holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 887(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Insurance Holding Companies) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purposes of subparagraphs 971(4)(a)(ii), (b)(ii) and (c)(ii) of the Act, an insurance holding company may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 971(10)(a) of the Act, if an insurance holding company controls a designated entity, the insurance holding company may give up control of the designated entity while keeping a substantial investment in it.
Minority Investment (Insurance Holding Companies) Regulations — 3
Restriction concerning investments 3 Subject to sections 5 and 6, an insurance holding company must not acquire or increase a substantial investment in a designated entity under paragraph 2(a) or give up control of the designated entity while keeping a substantial investment in it under paragraph 2(b) if, after the acquisition, increase or giving up of control, the total value of the following would exceed 50% of the insurance holding company’s regulatory capital: (a) all shares and ownership interests beneficially owned by the insurance holding company, and all shares and ownership interests beneficially owned by entities controlled by the insurance holding company, in designated entities in which the insurance holding company has a substantial investment but over which it does not exercise control, (b) all loans held by the insurance holding company, and all loans held by entities controlled by the insurance holding company, that were made to designated entities in which the insurance holding company has a substantial investment but over which it does not exercise control, and (c) all outstanding guarantees given by the insurance holding company, and all outstanding guarantees given by entities controlled by the insurance holding company, on behalf of designated entities in which the insurance holding company has a substantial investment but over which it does not exercise control. SOR/2011-196, s. 27(E)
Minority Investment (Insurance Holding Companies) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, an insurance holding company that has a substantial investment in a designated entity over which it does not exercise control must not make a loan to, or give a guarantee on behalf of, the designated entity, or permit entities controlled by it to do so, if, after the making of the loan or the giving of the guarantee, the total value of the shares, ownership interests, loans and guarantees referred to in paragraphs 3(a) to (c) would exceed 50% of the insurance holding company’s regulatory capital.
Minority Investment (Insurance Holding Companies) Regulations — 5
Limitation 5 In paragraphs 3(a) to (c) and section 4, any reference to a substantial investment that an insurance holding company has does not include a substantial investment acquired by the insurance holding company under regulations made under paragraph 977(a) of the Act other than these Regulations.
Minority Investment (Insurance Holding Companies) Regulations — 6
Calculation of total value in section 3 or 4 6 For the purpose of calculating the total value referred to in section 3 or 4 in respect of an insurance holding company, no amount may be included in respect of shares or ownership interests acquired under sections 974 to 976 of the Act or acquired by a bank controlled by the insurance holding company under subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985.
Minority Investment (Insurance Holding Companies) Regulations — Coming into force
Coming into force * 7 These Regulations come into force on the day on which section 977 of the Insurance Companies Act , as enacted by section 465 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.]
Minority Investment (Trust and Loan Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 459 a of the Trust and Loan Companies Act b , hereby makes the annexed Minority Investment (Trust and Loan Companies) Regulations . a S.C. 2001, c. 9, s. 550 b S.C. 1991, c. 45
Minority Investment (Trust and Loan Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Trust and Loan Companies Act . ( Loi ) designated entity means (a) an entity referred to in any of paragraphs 453(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 453(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 453(2)(b) of the Act, including a specialized financing entity, other than an entity in which a company is permitted to acquire or increase a substantial investment under subparagraph 453(4)(c)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Trust and Loan Companies) Regulations . ( capital réglementaire ) value means (a) in respect of a share, ownership interest or loan held by a company at a particular time, the book value of the share, ownership interest or loan 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 313(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 36(F)
Minority Investment (Trust and Loan Companies) Regulations — Minority Investment (Trust and Loan Companies) Regulations
Act means the Trust and Loan Companies Act . ( Loi )
Minority Investment (Trust and Loan Companies) Regulations — (a)
designated entity means (a) an entity referred to in any of paragraphs 453(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 453(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 453(2)(b) of the Act, including a specialized financing entity, other than an entity in which a company is permitted to acquire or increase a substantial investment under subparagraph 453(4)(c)(iii) of the Act. ( entité désignée )
Minority Investment (Trust and Loan Companies) Regulations — Minority Investment (Trust and Loan Companies) Regulations
regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Trust and Loan Companies) Regulations . ( capital réglementaire )
Minority Investment (Trust and Loan Companies) Regulations — (a)
value means (a) in respect of a share, ownership interest or loan held by a company at a particular time, the book value of the share, ownership interest or loan 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 313(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Trust and Loan Companies) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purposes of subparagraphs 453(4)(a)(ii), (b)(ii) and (c)(ii) of the Act, a company may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 453(10)(a) of the Act, if a company controls a designated entity, the company may give up control of the designated entity while keeping a substantial investment in it.