S-29.02 - Trust Companies and Savings Companies Act

Full text
93. The Authority may designate a natural person or a group as a restricted party if, in its opinion, that person or group is likely to receive preferential treatment to the detriment of the authorized trust company.
The Authority may review a designation at the request of the person or group designated or the company concerned.
Before making or refusing to review a designation, the Authority must give the natural person or group and the company concerned an opportunity to submit observations.
The Authority notifies the person or group designated and the company concerned of its decision regarding the designation or review request, as applicable.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
93. The Authority may designate a natural person or a group as a restricted party if, in its opinion, that person or group is likely to receive preferential treatment to the detriment of the authorized trust company.
The Authority may review a designation at the request of the person or group designated or the company concerned.
Before making or refusing to review a designation, the Authority must give the natural person or group and the company concerned an opportunity to submit observations.
The Authority notifies the person or group designated and the company concerned of its decision regarding the designation or review request, as applicable.
2018, c. 232018, c. 23, s. 395.