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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 531 of the Trust and Loan Companies Act, hereby makes the annexed Foreign Institutions Subject to the Canadian Residency Requirements Regulations (Trust and Loan Companies).notenote
Prescribed Holding Body Corporate
1#
For the purpose of subsection 163(2) of the Trust and Loan Companies Act, a holding body corporate of a foreign institution is prescribed if
(a)the holding body corporate is incorporated or formed otherwise than by or under an Act of Parliament or of the legislature of a province; and
(b)the holding body corporate, and entities it controls are, when viewed as a whole, engaged primarily in the business of providing financial services.
Coming 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.