I-13.2.2, r. 2 - Regulation respecting the application of sections 40.15 to 40.17 of the Deposit Institutions and Deposit Protection Act to protected financial contracts and their transfer

Section 7 Disposition versions

2019-03-31

7. Notwithstanding section 5, as of 5:00 p.m. on the second business day after the date on which the resolution board orders the implementation of resolution operations, any measure referred to in the first paragraph of said section may be taken for one of the reasons referred to in subparagraph 1 or 2 of its second paragraph in respect of a protected financial contract for which the Autorité des marchés financiers has not undertaken, before that time, for an eligible legal person to be a party thereto.

For the purposes of the first paragraph, “business day” means a day other than a Saturday or a statutory holiday in Québec.

M.O. 2019-02, s. 7.

Not in force

In force: 2019-03-31

7. Notwithstanding section 5, as of 5:00 p.m. on the second business day after the date on which the resolution board orders the implementation of resolution operations, any measure referred to in the first paragraph of said section may be taken for one of the reasons referred to in subparagraph 1 or 2 of its second paragraph in respect of a protected financial contract for which the Autorité des marchés financiers has not undertaken, before that time, for an eligible legal person to be a party thereto.

For the purposes of the first paragraph, “business day” means a day other than a Saturday or a statutory holiday in Québec.

M.O. 2019-02, s. 7.