C-67.3 - Act respecting financial services cooperatives

Full text
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers and managers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151, if applicable;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by its by-laws;
(10)  any other information required by the Authority.
If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 135.
If the cooperative is a federation, its financial statements referred to in subparagraph 4 of the first paragraph are the consolidated financial statements of the financial group to which the federation belongs. For the purposes of this paragraph, any auxiliary member that is a cooperative established under an Act of a jurisdiction other than Québec and that has a mission similar to that of a credit union within the meaning of this Act, but whose principal establishment is located outside Québec belongs to that financial group.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203; 2018, c. 23, s. 114; 2021, c. 34, s. 41.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers and managers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151, if applicable;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by its by-laws;
(10)  any other information required by the Authority.
If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 135.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203; 2018, c. 23, s. 114.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151, if applicable;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Authority.
If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 133.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Authority.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Agency.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Inspector General.
2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the stabilization reserve and of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 151;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Inspector General.
2000, c. 29, s. 162; 2002, c. 45, s. 310.
162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing
(1)  the name of the cooperative and the address of its head office;
(2)  the name of each of its officers;
(3)  the number of its members;
(4)  a statement of assets and liabilities, an operating statement, a statement of the stabilization reserve and of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;
(5)  a statement showing the total amount of credit extended to restricted parties;
(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;
(7)  the auditor’s report referred to in section 159;
(8)  the report of any special committee formed at the request of the general meeting;
(9)  the other statements and information required by by-law of the cooperative;
(10)  any other information required by the Inspector General.
2000, c. 29, s. 162.