C-67.3 - Act respecting financial services cooperatives

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373. (Repealed).
2000, c. 29, s. 373; 2018, c. 23, s. 226.
373. The federation may adopt standards applicable to the credit unions in connection with the offer and provision of financial products and services, including
(1)  the issue, endorsement, accepting and discounting of promissory notes, bills of exchange, drafts and other negotiable instruments, and the accepting of deposits transferable by order to third persons;
(2)  cash management, electronic cash command and factoring services;
(3)  travellers’ cheques;
(4)  debit cards and credit cards;
(5)  the administration of savings plans registered under the Taxation Act (chapter I‐3) or the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement);
(6)  the distribution of the shares it issues;
(7)  the distribution of the securities of a member of the group;
(8)  the sale of bonds or other debt securities issued or guaranteed by the Gouvernement du Québec, the Government of Canada, a municipality or a school board in Québec;
(9)  the exercise of activities and commercial practices connected with the distribution of financial products and services where the credit unions exercise the activities of a firm, a distributor or the holder of a restricted certificate in accordance with the Act respecting the distribution of financial products and services (chapter D‐9.2).
The standards adopted under subparagraph 9 of the first paragraph are also applicable to any legal person or partnership through which the credit union carries on the activities referred to in that subparagraph.
Moreover, the federation may adopt standards applicable to the credit unions in connection with the offer or provision of other products and services ancillary or related to the pursuit of their mission.
2000, c. 29, s. 373.