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I-13.2.2 - Deposit Institutions and Deposit Protection Act
Section 40.8
Disposition versions
40.8. The resolution board is composed of the person appointed as Deputy Minister of Finance under section 6 of the Act respecting the Ministère des Finances (chapter M-24.01), the President and Chief Executive Officer of the Authority appointed under section 3.3 of the Act respecting the governance of state-owned enterprises (chapter G-1.02), who are both members of the board by virtue of office, and a third person appointed by the Minister and remunerated by the Authority according to the terms determined by the Government.
Sections 32 to 32.2 of the Act respecting the regulation of the financial sector (chapter E-6.1) apply to that third person.
The board shall adopt operating rules.
The Authority must provide the resolution board with the services and equipment the board requests from it, free of charge.
40.8. The resolution board is composed of the person appointed as Deputy Minister of Finance under section 6 of the Act respecting the Ministère des Finances (chapter M-24.01), the President and Chief Executive Officer of the Authority appointed under section 19.21 of the Act respecting the regulation of the financial sector (chapter E-6.1), who are both members of the board by virtue of office, and a third person appointed by the Minister and remunerated by the Authority according to the terms determined by the Government.
Sections 32 to 32.2 of the Act respecting the regulation of the financial sector apply to that third person.
The board shall adopt operating rules.
The Authority must provide the resolution board with the services and equipment the board requests from it, free of charge.
40.8. The resolution board is composed of the person appointed as Deputy Minister of Finance under section 6 of the Act respecting the Ministère des Finances (chapter M-24.01), the President and Chief Executive Officer of the Authority appointed under section 20 of the Act respecting the regulation of the financial sector (chapter E-6.1), who are both members of the board by virtue of office, and a third person appointed by the Minister.
The board shall adopt operating rules.
The Authority must provide the resolution board with the services and equipment the board requests from it, free of charge.
