2. The issue of bonds and debt securities or the acceptance of subordinated loans covered by section 193 of the Act respecting trust companies and savings companies (chapter S-29.01) must be previously authorized by the Autorité des marchés financiers.
Every company shall submit to the Authority an application for authorization accompanied by:
(1) a certified true copy of the resolution of its board of directors respecting such issue or acceptance;
(2) a specimen of the bonds or other debt securities it proposes to issue;
(3) a copy of the subordinated loan contracts it proposes to accept.
Such issue or acceptance may only be carried out after authorization by the Authority.