C-67.3 - Act respecting financial services cooperatives

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124. The Authority may designate a natural person or group as a restricted party if, in its opinion, that person or group is likely to receive preferential treatment to the detriment of the financial services cooperative.
The Authority may review a designation at the request of the person or group designated or the cooperative concerned.
Before making or refusing to review a designation, the Authority must give the natural person or group and the cooperative concerned an opportunity to present observations.
The Authority shall notify the person or group designated and the cooperative concerned of its decision on the designation or the review request, as applicable.
2000, c. 29, s. 124; 2005, c. 35, s. 4; 2018, c. 23, s. 102.
124. All contracts and transactions of a credit union with restricted parties must be consistent with the provisions of this Act and with the rules of ethics and professional conduct adopted by the board of ethics and professional conduct of the federation or, if the credit union is not a member of a federation, by the board of supervision of the credit union.
All contracts and transactions of a federation with restricted parties must be consistent with the rules of ethics and professional conduct adopted by the board of ethics and professional conduct and with the provisions of this Act.
2000, c. 29, s. 124; 2005, c. 35, s. 4.
124. All contracts and transactions of a credit union with restricted parties must be consistent with the provisions of this Act and with the rules adopted by the board of ethics of the federation or, if the credit union is not a member of a federation, by the board of audit and ethics of the credit union.
All contracts and transactions of a federation with restricted parties must be consistent with the rules adopted by the board of ethics and with the provisions of this Act.
2000, c. 29, s. 124.