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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 396(a) and (b) of the Cooperative Credit Associations Act, hereby makes the annexed Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations.notenote
Exemption from Restrictions on Investments
1Prescribed circumstances#
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
*2Coming into force#
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.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.