I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Section 19 Disposition versions

2020-04-30

19. (Revoked).

M.O. 2010-12, s. 19; M.O. 2020-09, s. 20.

2012-09-01

19. A security fund established under An Act respecting financial services cooperatives (chapter C-67.3) must send to the Authority, not later than on 31 March preceding the accounting period for premiums, its financial statements and a report of activities covering the period from 1 January to 31 December of the year preceding the accounting period for premiums.

The report must indicate:

(1)  the list of financial services cooperatives that are members of such security fund;

(2)  the method for calculating every assessment ordered or required by the security fund;

(3)  the amount of any assessment established for each member cooperative of the security fund and the conditions for payment of such assessments;

(4)  the amounts paid in respect of any assessment by each cooperative and a list of any of the cooperatives that have not paid amounts in respect thereof;

(5)  the amounts of loans and grants made to each cooperative and the conditions for repayment of the loans;

(6)  guarantees of repayment of an advance or loan made to a cooperative that is a member of the security fund;

(7)  agreements made with each such cooperative under which its affairs are managed by the security fund for a fixed period, and the conditions of such agreements;

(8)  the acquisition of some or all of the assets of a cooperative that is a member of the security fund and the conditions of such acquisition;

(9)  the measures that the security fund determined when making a loan or grant to one or more cooperatives that must be implemented by each such cooperative in order to correct certain of its administrative and financial practices;

(10)  the names of cooperatives for which the security fund has acted as liquidator or sequester;

(11)  the names of cooperatives for which the security fund has acted as provisional administrator for the purposes of An Act respecting financial services cooperatives;

(12)  a list of cooperatives inspected, the number of inspections, the dates of the inspections and a list of cooperatives not inspected;

(13)  a detailed list of the security fund’s investment portfolio and its investment portfolio management report;

(14)  a description of the security fund’s activities and a statement of its operations.

M.O. 2010-12, s. 19.