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R-15.1, r. 6.2 - General Regulation respecting supplemental pension plans
Section 70
Disposition versions
70. Subject to the second paragraph of section 69, a plan may acquire and hold fully paid shares of:
(a) a loan company designated as a mortgage investment company pursuant to section 112 of the Loan Companies Act (Canada) (R.S.C., 1985, c. L-12) or
(b) a corporation that is incorporated by or pursuant to the laws of a province for the purpose of carrying on the business of a loan company within the meaning of the Loan Companies Act (Canada) and that, in the opinion of the Board, has powers and is subject to limitations and requirements that are the same in all essential respects as the powers conferred upon and the limitations and requirements made applicable to a mortgage investment company by the Loan Companies Act (Canada).
