45. A trust company licensed under the Act respecting trust companies and savings companies (chapter S-29.01), an insurance company holding a licence under the Act respecting insurance (chapter A-32) or a dealer or adviser registered in conformity with section 148 is also a sophisticated purchaser when purchasing or subscribing for securities for the portfolio of a third person managed solely by that company, dealer or adviser.
1982, c. 48, s. 45; 1987, c. 95, s. 402.