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C-67.3 - Act respecting financial services cooperatives

Section 565
Disposition versions

Full text
565. The Authority may establish instructions for a financial services cooperative or a security fund.
Instructions must be in writing and must be specific to the addressee, but need not be published.
The Authority must, before sending instructions, notify the addressee and give it an opportunity to present observations.
2000, c. 29, s. 565; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2008, c. 7, s. 66; 2018, c. 23, s. 318.
565. The Authority may, after consulting the Minister and the federations, issue guidelines for financial services cooperatives concerning
(1)  the adequacy of their capital base;
(2)  the adequacy of their liquid assets;
(3)  any other practice of sound and prudent management, in particular relating to investments;
(4)  any commercial practice referred to in section 66.1;
(5)  any requirement under section 131.1.
The guidelines are not regulations. They may pertain to the carrying out, interpretation or application of the subject matter of any of subparagraphs 1 to 5 of the first paragraph whether or not it is dealt with in a regulation made under this Act.
2000, c. 29, s. 565; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2008, c. 7, s. 66.
565. The Authority may, after consulting the Minister and the federations, issue guidelines for financial services cooperatives concerning
(1)  the adequacy of their capital base;
(2)  the adequacy of their liquid assets;
(3)  any other practice of sound and prudent management, in particular relating to investments.
The guidelines are not regulations.
2000, c. 29, s. 565; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
565. The Agency may, after consulting the Minister and the federations, issue guidelines for financial services cooperatives concerning
(1)  the adequacy of their capital base;
(2)  the adequacy of their liquid assets;
(3)  any other practice of sound and prudent management, in particular relating to investments.
The guidelines are not regulations.
2000, c. 29, s. 565; 2002, c. 45, s. 338.
565. The Inspector General may, after consulting the Minister and the federations, issue guidelines for financial services cooperatives concerning
(1)  the adequacy of their capital base;
(2)  the adequacy of their liquid assets;
(3)  any other practice of sound and prudent management, in particular relating to investments.
The guidelines are not regulations.
2000, c. 29, s. 565.
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