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S-29.02, r. 1 - Regulation under the Trust Companies and Savings Companies Act
Section 2
Disposition versions
2. The issue of bonds and debt securities or the acceptance of subordinated loans covered by the Trust Companies and Savings Companies Act (chapter S-29.02) must be previously authorized by the Autorité des marchés financiers.
Every company shall submit to the Authority an application for authorization accompanied by:
(1) a certified true copy of the resolution of its board of directors respecting such issue or acceptance;
(2) a specimen of the bonds or other debt securities it proposes to issue;
(3) a copy of the subordinated loan contracts it proposes to accept.
Such issue or acceptance may only be carried out after authorization by the Authority.
2. The issue of bonds and debt securities or the acceptance of subordinated loans covered by section 193 of the Act respecting trust companies and savings companies (chapter S-29.01) must be previously authorized by the Autorité des marchés financiers.
Every company shall submit to the Authority an application for authorization accompanied by:
(1) a certified true copy of the resolution of its board of directors respecting such issue or acceptance;
(2) a specimen of the bonds or other debt securities it proposes to issue;
(3) a copy of the subordinated loan contracts it proposes to accept.
Such issue or acceptance may only be carried out after authorization by the Authority.
