277 (1) The Lieutenant Governor in Council may make regulations, (a)  respecting any matter in respect of which the Authority may make Authority rules under section 285, with necessary modifications; (b)  governing credit unions and centrals of credit unions; (c)  governing the operations and powers of branches of credit unions; (d)  defining, for the purposes of this Act and the regulations, any word or expression used in this Act that is not defined in this Act; (e)  prescribing any matter that, under this Act, is permitted or required to be prescribed or to be otherwise done by regulation or in accordance with the regulations; (e.1)  authorizing the Chief Executive Officer to require a credit union, a director of a credit union or the board of a credit union to provide information or do a specified thing; (e.2)  authorizing the Chief Executive Officer to provide approvals or authorizations; (f)  defining the interests of a credit union in real property and determining the method of valuing those interests; (g)  respecting the relations between credit unions and, (i)  entities that undertake the business of insurance, and (ii)  insurance agents or insurance brokers; (h)  respecting networking arrangements between credit unions and other persons providing products or services to credit unions or its members; (h.1)  governing the limit on the number of membership shares that may be issued to a member of the credit union; (i)  prohibiting or restricting networking arrangements; (j)  governing the conduct of credit unions in networking arrangements; (k)  respecting the management of risk in making loans and investments and in the general management of a credit union’s business; (l)  prohibiting or restricting the sale by credit unions of a product or service on condition that another product or service is acquired from any person; (m)  respecting the protection of members of credit unions and of the public in their dealings with credit unions including the regulating of representations that may be made by credit unions; (n)  prescribing procedures to be followed by credit unions in dealing with consumer complaints by members or depositors; (o)  setting out limits or restrictions, for the purposes of section 85, respecting the chief executive officer of a credit union acting as a director of the credit union; (o.1)  providing for the removal of directors by the members of a credit union; (o.2)  prescribing matters that shall or may be provided for in the by-laws of a credit union; (p)  prescribing requirements for gender diversity reports under section 103; (p.1)  governing information to be provided by auditors to the Chief Executive Officer; (q)  respecting the retention, in Canada, of assets of a credit union; (r)  requiring the disclosure to depositors of the rate of interest on their accounts and the manner of calculating and paying the interest; (s)  requiring the bonding of and insurance coverage for directors, officers, agents and employees of the credit union and of property of or held by the credit union; (s.1)  prescribing persons who are not eligible to be appointed as a receiver, a receiver and manager or a liquidator of a credit union; (s.2)  governing the duties of auditors present at meetings of members or shareholders; (t)  prescribing and regulating aggregate and individual lending limits for credit unions and methods of calculating limits for the purposes of subsection 155 (1); (u)  prescribing the type and value of security that a credit union must have before making a loan and the method for valuing such security; (v)  prescribing matters to be shown in financial statements under subsection 177 (1) and the periods to which those matters relate; (w)  prescribing the discretionary authorities that may be conferred in proxies and excluding the application of similar provisions in regulations made under Part VIII of the Business Corporations Act; (x)  governing transactions between a credit union or subsidiary and a restricted party for the purposes of Part IX; (y)  respecting the books, registers and other records and documents to be kept and maintained by credit unions for the purposes of subsection 203 (1) and the length of time they are to be retained; (z)  authorizing the Authority to provide services prescribed by the regulations that are ancillary, complementary or similar to services it performs to persons, bodies or classes of persons or bodies prescribed by the regulations, and governing the provision of those services; (z.1)  governing credit unions registered under section 273, including providing for provisions of this Act to apply to such credit unions with such modifications as may be specified in the regulations. 2020, c. 36, Sched. 7, s. 277 (1); 2021, c. 40, Sched. 5, s. 16. Same (2) If an amount or rate is to be prescribed under subsection (1), the regulation may prescribe a method of determining the amount or rate. 2020, c. 36, Sched. 7, s. 277 (2). Section Amendments with date in force (d/m/y) 2021, c. 40, Sched. 5, s. 16 (1-7) - 01/03/2022