Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
S-29.02, r. 1 - Regulation under the Trust Companies and Savings Companies Act
Section 12
Disposition versions
12. A Quebec company may have a subsidiary only if its investments in the subsidiary and the guarantees it has provided with respect to the subsidiary’s bonds do not have the effect of increasing the aggregate of such investments and guarantees to:
(1) more than 2% of its assets for the aggregate of the subsidiaries that are not companies within the meaning of the Act and whose principal activity is not that of securities broker or insurer;
(2) more than 5% of its assets for the aggregate of the subsidiaries that are not companies.
Such investments and guarantees shall be evaluated at their book value.
