I-13.2.2, r. 3 - Regulation respecting the classes of negotiable and transferable unsecured debts and the issuance of such debts and of shares

Section 3 Disposition versions

2019-06-13

3. The following, including the debts resulting therefrom, are not prescribed debts:

(1)  any covered bond, as defined in section 21.5 of the National Housing Act (R.S.C. 1985, c. N-11);

(2)  any financial contract determined under section 40.22 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2);

(3)  any structured note; and

(4)  any conversion or exchange privilege that is convertible at any time into shares of a deposit institution belonging to a cooperative group, including any option or right to purchase such shares or privileges.

M.O. 2019-03, s. 3.

2019-03-31

3. The following, including the debts resulting therefrom, are not prescribed debts:

(1)  any covered bond, as defined in section 21.5 of the National Housing Act (R.S.C. 1985, c. N-11);

(2)  any financial contract determined under section 40.22 of the Deposit Institutions and Deposit Protection Act (chapter A-26);

(3)  any structured note; and

(4)  any conversion or exchange privilege that is convertible at any time into shares of a deposit institution belonging to a cooperative group, including any option or right to purchase such shares or privileges.

M.O. 2019-03, s. 3.

Not in force

In force: 2019-03-31

3. The following, including the debts resulting therefrom, are not prescribed debts:

(1)  any covered bond, as defined in section 21.5 of the National Housing Act (R.S.C. 1985, c. N-11);

(2)  any financial contract determined under section 40.22 of the Deposit Institutions and Deposit Protection Act (chapter A-26);

(3)  any structured note; and

(4)  any conversion or exchange privilege that is convertible at any time into shares of a deposit institution belonging to a cooperative group, including any option or right to purchase such shares or privileges.

M.O. 2019-03, s. 3.