Publicity
114.1 In this Part, “factoring corporation” means a body corporate the activities of which are limited to acting as a factor in respect of accounts receivable, including raising money for the purpose of acting as a factor and lending money while acting as such a factor; “financial leasing corporation” means a body corporate the activities of which are limited to the financial leasing of personal property, and to, (a) entering into and accepting the assignment of conditional sales agreements in respect of personal property, (b) administering financial lease agreements and conditional sales agreements on behalf of any person, and (c) raising money for the purpose of financing the activities of the financial leasing corporation and investing that money pending its use for those activities; “information processing services” means the collection, manipulation and transmission of information that is primarily financial or economic in nature or that relates to the business of an entity referred to in subsection 115 (1) or of a real estate holding vehicle; “information services corporation” means a body corporate, the ancillary activities of which may include the design, development, manufacture or sale of special purpose computer hardware, but that is primarily engaged in, (a) providing information processing services, (b) providing advisory or other services in the design, development or implementation of information management systems, or (c) designing, developing or marketing computer software; “investment counselling and portfolio management corporation” means a body corporate the principal activity of which consists of, (a) offering advice or advising on investments, or (b) investing or controlling, in any way that involves an element of discretionary judgment by the body corporate, (i) property, deposits or securities that are not owned by the body corporate, or (ii) money that is not owned by the body corporate or deposited with the body corporate in the ordinary course of business; “mutual fund corporation” means a body corporate whose activities are limited to investing funds of the body corporate, and includes a body corporate that is an issuer of securities that entitle the holder to receive, on demand or within a specified period after demand, an amount computed by reference to the value of a proportionate interest in the whole or in a part of the net assets, including a separate fund or trust account, of the issuer of the securities; “mutual fund distribution corporation” means a body corporate 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 of those interests if, (a) the proceeds of the sales of any of those interests, less any sales commissions and service fees, are paid to the fund, and (b) the existence of a sales commission and service fee in respect of the sale of any of those interests is disclosed to the purchaser of the interest before the sale; “prescribed subsidiary” means a body corporate prescribed under subsection 115 (1); “real estate brokerage corporation” means a body corporate that is primarily engaged in, (a) acting as an agent for vendors, purchasers, mortgagors, mortgagees, lessors or lessees of real estate, and (b) providing consulting or appraisal services in respect of real estate; “service corporation”, in relation to a provincial corporation, means a body corporate that engages exclusively in providing services, (a) and provides such services to, (i) the corporation, (ii) an entity in which the corporation has a substantial investment, (iii) a financial institution that is affiliated with the corporation, or (iv) an entity in which a financial institution referred to in subclause (iii) has a substantial investment, (b) and may also provide such services to, (i) another Canadian financial institution incorporated or formed by or under the laws of a province or territory of Canada or of Canada that has a substantial investment in the body corporate, (ii) an entity in which any Canadian financial institution referred to in subclause (i) has a substantial investment, (iii) a financial institution that is affiliated with any Canadian financial institution referred to in subclause (i), or (iv) an entity in which a financial institution referred to in subclause (iii) has a substantial investment; “special purpose computer hardware” means computer equipment that is integral to the provision of financial services or of information services related to the business of financial institutions. O. Reg. 413/97, s. 25.