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2018C23, r. 1 - Regulation respecting certain transitional measures for the carrying out of the Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions
Section 4
Disposition versions
4. An authorized Québec deposit institution may continue to hold its contributed capital securities or participations and any share of the right of ownership, even if it is in excess of the limits prescribed by section 28.31 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), enacted by section 353 of chapter 23 of the Statutes of 2018, where such holdings did not contravene the Act respecting trust companies and savings companies (chapter S-29.01), as it read on 12 June 2019.
In force: 2019-06-13
4. An authorized Québec deposit institution may continue to hold its contributed capital securities or participations and any share of the right of ownership, even if it is in excess of the limits prescribed by section 28.31 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), enacted by section 353 of chapter 23 of the Statutes of 2018, where such holdings did not contravene the Act respecting trust companies and savings companies (chapter S-29.01), as it read on 12 June 2019.
