118.12. An application for selection for permanent immigration filed under the investor program before 1 January 2024 is processed and decided in accordance with the provisions of section 1, with respect to the definitions of “investment dealer” and “trust company”, and Subdivision 3 of Division II of Chapter III, as they read on 31 December 2023, and, as of 29 November 2024, of Schedule A, as it read on 28 November 2024.
A foreign national who has filed such an application does business with a financial intermediary who is a party to an agreement entered into pursuant to section 39, as it read on 31 December 2023, to which the parties have agreed to extend certain effects beyond 31 December 2023, that agreement being valid only for the applications referred to in the first paragraph.
If the foreign national changes their financial intermediary, the foreign national may also do business with a participating financial intermediary in accordance with section 38.
1570-2023O.C. 1570-2023, s. 561.