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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978 of the Bank Act and 1021 of the Insurance Companies Act, hereby makes the annexed Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations.notenotenotenote
Maximum Fee
1Maximum fee#
For the purposes of subsections 85(2) of the Bank Act and 89(2) of the Insurance Companies Act, the maximum fee that may be charged for a security certificate issued in respect of a transfer is $5.
Repeals
Coming into Force
*4Coming into force#
These Regulations come into force on the day on which section 724 of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes 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.