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I-13.2.2, r. 2 - Regulation respecting the application of sections 40.15 to 40.17 of the Deposit Institutions and Deposit Protection Act to protected financial contracts and their transfer
Section 6
Disposition versions
6. The Autorité des marchés financiers must, if it is necessary in its judgment for all or substantially all the assets of the legal persons belonging to the cooperative group to be transferred to one or more acquirers and for certain protected financial contracts not to be transferred, send a notice to the parties to the contracts.
Notwithstanding section 5, as of the date and time at which the notice is given, any measure referred to in the first paragraph of said section may be taken for a reason indicated in subparagraph 1 or 2 of its second paragraph in respect of such a protected financial contract.
In force: 2019-03-31
6. The Autorité des marchés financiers must, if it is necessary in its judgment for all or substantially all the assets of the legal persons belonging to the cooperative group to be transferred to one or more acquirers and for certain protected financial contracts not to be transferred, send a notice to the parties to the contracts.
Notwithstanding section 5, as of the date and time at which the notice is given, any measure referred to in the first paragraph of said section may be taken for a reason indicated in subparagraph 1 or 2 of its second paragraph in respect of such a protected financial contract.
