E-12.000001 - Money-Services Businesses Act

Full text
61. A regulation of the Authority under this Act must be submitted for approval to the Minister, who may approve it with or without amendment.
However, a regulation of the Authority under paragraph 1 of section 60 must be submitted for approval to the Government, which may approve it with or without amendment.
A draft of a regulation referred to in the first paragraph may not be submitted for approval and the regulation may not be made before 30 days have elapsed since the publication of the draft in the Authority’s bulletin. The regulation comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation. Sections 4 to 8, 11 and 17 to 19 of the Regulations Act (chapter R-18.1) do not apply to the regulation.
The Minister may make a regulation referred to in the first paragraph if the Authority fails to make such a regulation within the time determined by the Minister.
The Government may make a regulation referred to in the second paragraph if the Authority fails to make such a regulation within the time determined by the Government.
2010, c. 40, Sch. I, s. 61.