C-67.3, r. 2 - Regulation respecting investments of a security fund

Section 1 Disposition versions

2012-09-01

1. A security fund may invest in the following:

(1)  demand deposits;

(2)  day loans;

(3)  demand loans guaranteed by securities having a credit rating at least equivalent to an R-1L or A rating according to the criteria of the Dominion Bond Rating Service Limited;

(4)  deposit certificates whose term does not exceed five years;

(5)  guaranteed investment certificates issued by a bank or institution registered with the Régie de l’assurance-dépôts du Québec, other than a credit union that is a member of the fund, or with the Canada Deposit Insurance Corporation;

(6)  negotiable and insubordinate debt securities issued by a bank listed in Schedule 1 or Schedule 2 to the Bank Act (S.C. 1991, c. 46) and having a credit rating at least equivalent to an R-1L or A rating according to the criteria of the Dominion Bond Rating Service Limited;

(7)  securities issued or guaranteed irrevocably and unconditionally by the Gouvernement du Québec or the Government of Canada;

(8)  securities issued or guaranteed irrevocably and unconditionally by the Government or a hydroelectric corporation of a Canadian province other than Québec and having a credit rating at least equivalent to an R-1L or A rating according to the criteria of the Dominion Bond Rating Service Limited;

(9)  securities issued or guaranteed irrevocably and unconditionally by the Government of the United States of America;

(10)  securities issued by a legal person established in the public interest incorporated under the Statutes of Québec;

(11)  negotiable and subordinate debt securities, issued by a bank listed in Schedule 1 or Schedule 2 to the Bank Act and having a credit rating at least equivalent to an R-1L or A rating according to the criteria of the Dominion Bond Rating Service Limited;

(12)  negotiable debt securities issued by a legal person established in the private interest and having a credit rating at least equivalent to an R-1L or A rating according to the criteria of the Dominion Bond Rating Service Limited;

(13)  mutual funds of Canadian or American money markets;

(14)  mutual funds of Canadian or American bond or mortgage markets;

(15)  mutual funds of shares issued on the Canadian market or on the market of another country that is a member of the Organisation for Economic Co-operation and Development;

(16)  subordinate shares or debt securities issued by credit unions whose capital base does not reach the amount prescribed in the standards of the federation;

(17)  derivatives;

(18)  shares issued on the Canadian market or on the market of another country that is a member of the Organisation for Economic Co-operation and Development; and

(19)  hedge funds.

O.C. 692-2001, s. 1.