Export Development Act — E-20 10
 referred to in subsection (3) that the Corporation has insured or reinsured or with respect to which the Corporation has a right, by agreement, to be indemnified shall not be taken into account in calculating the contingent liability under that subsection. Minister of Finance may prescribe conditions (5) The Corporation shall, in exercising the powers conferred on it by paragraph (1.1)(h), comply with such conditions of general application as the Minister of Finance may prescribe. Regulations (6) The Governor in Council may, on the recommendation of the Minister and the Minister of Finance, make regulations governing (a) the disposal by sale or lease of property acquired by the Corporation for the purpose of such disposal; (b) the entering into by the Corporation of arrangements that (i) have the effect of (A) providing, to any person, any insurance, reinsurance, indemnity or guarantee, (B) extending credit to any person, or (C) providing an undertaking to pay money to any person, and (ii) are made in respect of transactions not relating, directly or indirectly, to the carrying on of business or other activities outside Canada; (c) the entering into by the Corporation of arrangements that have the effect of extending credit to a person in respect of the acquisition by that person of any interest, other than a security interest, in any entity; (d) the entering into by the Corporation of arrangements that have the effect of providing to a person any insurance, indemnity or guarantee, in respect of the financing, by that person, of an acquisition by another person of any interest, other than a security interest, in any entity; (e) the provision by the Corporation of consulting services on a fee basis; and (f) the acquisition by the Corporation of any interest, other than a security interest or an interest resulting from the realization of a security interest, in any entity. Approval (7) For greater certainty, the regulations made pursuant to subsection (6) may specify that certain transactions or classes of transactions of the Corporation require the approval of the Minister, the Minister jointly with the Minister of Finance, or the Governor in Council and, where so specified, the Minister, the Minister jointly with the Minister of Finance, or the Governor in Council is authorized to give that approval. Publication of proposed regulations (8) Subject to subsection (9), the Minister shall cause to be published in the Canada Gazette at least sixty days before the proposed effective date thereof a copy of every regulation that the Governor in Council proposes to make under this Act and a reasonable opportunity shall be afforded to interested persons to make representations with respect thereto. Exceptions (9) The Minister is not required to cause to be published a proposed regulation if the proposed regulation (a) has been published pursuant to subsection (8) whether or not it has been amended as a result of representations made by interested persons as provided in that subsection; or (b) in the opinion of the Minister, makes no material substantive change in an existing regulation. R.S., 1985, c. E-20, s. 10; 1993, c. 26, s. 4; 2001, c. 33, s. 8; 2009, c. 2, ss. 260, 263; 2010, c. 12, s. 1831; 2015, c. 36, s. 84 2020, c. 5, s. 17