C-67.3 - Act respecting financial services cooperatives

Section 162 Disposition versions

2021-12-08

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers and managers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151, if applicable;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by its by-laws;

(10)  any other information required by the Authority.

If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 135.

If the cooperative is a federation, its financial statements referred to in subparagraph 4 of the first paragraph are the consolidated financial statements of the financial group to which the federation belongs. For the purposes of this paragraph, any auxiliary member that is a cooperative established under an Act of a jurisdiction other than Québec and that has a mission similar to that of a credit union within the meaning of this Act, but whose principal establishment is located outside Québec belongs to that financial group.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203; 2018, c. 23, s. 114; 2021, c. 34, s. 41.

2018-07-13

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers and managers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151, if applicable;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by its by-laws;

(10)  any other information required by the Authority.

If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 135.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203; 2018, c. 23, s. 114.

2016-05-18

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151, if applicable;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Authority.

If the cooperative is a credit union that is a member of a federation, the cooperative shall replace the financial statements referred to in subparagraph 4 of the first paragraph by the financial report provided for in the second paragraph of section 133.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90; 2016, c. 7, s. 203.

2004-12-17

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Authority.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310; 2004, c. 37, s. 90.

2004-02-01

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Agency.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7; 2002, c. 45, s. 310.

2003-12-18

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the reserve for future dividends, a statement of the stabilization reserve, a statement of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Inspector General.

2000, c. 29, s. 162; 2002, c. 45, s. 310; 2003, c. 20, s. 7.

2002-12-11

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the stabilization reserve and of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 151;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Inspector General.

2000, c. 29, s. 162; 2002, c. 45, s. 310.

2001-07-01

162. At the end of its fiscal year, the financial services cooperative shall prepare an annual report containing

(1)  the name of the cooperative and the address of its head office;

(2)  the name of each of its officers;

(3)  the number of its members;

(4)  a statement of assets and liabilities, an operating statement, a statement of the stabilization reserve and of the community development fund, a statement of the surplus earnings, a statement of the general reserve, a statement of the reserve referred to in section 87 and a statement of provisions to cover credit losses and investment losses, presented on a comparative basis with the corresponding statements for the immediately preceding fiscal year;

(5)  a statement showing the total amount of credit extended to restricted parties;

(6)  a statement showing the credit union’s participating interest in the investment fund of the federation referred to in section 414, where applicable, and the return on such interest;

(7)  the auditor’s report referred to in section 159;

(8)  the report of any special committee formed at the request of the general meeting;

(9)  the other statements and information required by by-law of the cooperative;

(10)  any other information required by the Inspector General.

2000, c. 29, s. 162.