Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations

SOR/2001-384COOPERATIVE CREDIT ASSOCIATIONS ACT
Registration 2001-10-04
Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations
P.C. 2001-1755  2001-10-04Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 396(a)Footnote a and (b)Footnote a of the Cooperative Credit Associations ActFootnote b, hereby makes the annexed Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations.

Return to footnote aS.C. 2001, c. 9, s. 314
Return to footnote bS.C. 1991, c. 48
Exemption from Restrictions on Investments

Marginal note:Prescribed circumstances

1 For the purposes of subparagraph 390(3)(d)(ii) of the Cooperative Credit Associations Act, subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.

Coming into Force

Marginal note:Coming into force

*2 These Regulations come into force on the day on which paragraphs 396(a) and (b) 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, come into force.
Return to footnote *[Note: Regulations in force October 24, 2001, see SI/2001-102.]