C-67.3 - Act respecting financial services cooperatives

Section 468 Disposition versions

2018-07-13

468. A financial services cooperative must follow an investment policy.

The policy must, in particular,

(1)  provide for the matching of the respective maturities of the cooperative’s investments with its liabilities;

(2)  provide for the appropriate diversification of those investments; and

(3)  include a description of the types of investments and other financial transactions it authorizes and the limits applicable to them.

The policy a federation must follow applies to the investments made out of the funds it establishes under section 408 unless it has not adopted specific policies for those funds under section 409.

2000, c. 29, s. 468; 2018, c. 23, s. 288.

2001-07-01

468. Every financial services cooperative shall exercise its powers to make investments with prudence and care in accordance with any applicable regulation of the Government.

Every financial services cooperative shall also practise sound and prudent management in respect of its investments.

2000, c. 29, s. 468.