I-0.2.1, r. 3 - Québec Immigration Regulation

Section 39 Disposition versions

2024-01-01

39. The Minister enters into the participation agreement where the financial intermediary meets the following conditions:

(1)  it is a trust company authorized under the Trust Companies and Savings Companies Act (chapter S-29.02) or registered as an investment dealer in accordance with the law;

(2)  its authorization to carry on trust company activities has been issued or, as the case may be, its registration as an investment dealer has been made at least 3 years before and is not suspended or attached with a condition or a restriction incompatible with its participation;

(3)  it has had its head office and its executive office in Québec, including the upper management and the administration responsible for the monitoring of the annual plans and operating budgets, for at least 3 years.

O.C. 963-2018, s. 39; O.C. 1570-2023, s. 14.

2018-08-02

39. The Minister may enter into an agreement with a financial intermediary who is an investment dealer or a trust company to allow the foreign national to take part in the investor program. The financial intermediary must

(1)  be registered with the Autorité des marchés financiers and not be the subject of a suspension of rights;

(2)  have its head office in Québec and its executive office, including the upper management and the administration responsible for the monitoring of the annual plans and operating budgets; and

(3)  have been acting as an investment dealer or a trust company for at least 3 years.

The subsidiary of Investissement Québec referred to in paragraph 3 of section 37 is also part of the agreement referred to in the first paragraph.

O.C. 963-2018, s. 39.

Not in force

In force: 2018-08-02

39. The Minister may enter into an agreement with a financial intermediary who is an investment dealer or a trust company to allow the foreign national to take part in the investor program. The financial intermediary must

(1)  be registered with the Autorité des marchés financiers and not be the subject of a suspension of rights;

(2)  have its head office in Québec and its executive office, including the upper management and the administration responsible for the monitoring of the annual plans and operating budgets; and

(3)  have been acting as an investment dealer or a trust company for at least 3 years.

The subsidiary of Investissement Québec referred to in paragraph 3 of section 37 is also part of the agreement referred to in the first paragraph.

O.C. 963-2018, s. 39.