A-32.1, r. 0.1 - Regulation respecting the acquisition and holding of securities or participations or a share of a right of ownership by certain financial institutions in excess of the limits imposed

Updated to 1 January 2024

This document has official status.

chapter A-32.1, r. 0.1

Regulation respecting the acquisition and holding of securities or participations or a share of a right of ownership by certain financial institutions in excess of the limits imposed

Insurers Act

(chapter A-32.1, s. 85, 1st par.).

Act respecting financial services cooperatives

(chapter C-67.3, s. 474, 1st par., and s. 599, 1st par., subpar. 10).

Deposit Institutions and Deposit Protection Act

(chapter I-13.2.2, s. 28.32).

Trust Companies and Savings Companies Act

(chapter S-29.02, s. 69).

1. This Regulation applies to the following authorized financial institutions:

(1)  an authorized Québec insurer under the Insurers Act (chapter A-32.1);

(2)  a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C-67.3);

(3)  an authorized Québec deposit institution under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2);

(4)  an authorized Québec trust company under the Trust Companies and Savings Companies Act (chapter S-29.02).

O.C. 510-2022, s. 1.

2. A financial institution referred to in section 1 may, through a limited partnership of which it is the holder of control, but whose financial information is not consolidated or combined with its own, in accordance with the Acts referred to in section 1, acquire and hold contributed capital securities issued by a legal person or partnership or participations in a trust or a share of a right of ownership, in excess of the investment limits imposed in the Acts referred to in section 1.

O.C. 510-2022, s. 2.

3. (Omitted).

O.C. 510-2022, s. 3.

REFERENCES

O.C. 510-2022, 2022 G.O. 2, 1007