S-29.01 - Act respecting trust companies and savings companies

Section 314.1 Disposition versions

2011-01-01

314.1. The Authority may, after consulting with the Minister, issue guidelines applicable to companies pertaining to

(1)  the adequacy of its capital;

(2)  the adequacy of its liquid assets;

(3)  any other sound and prudent management practices;

(4)  any requirement under section 153.1;

(5)  any commercial practice referred to in section 177.3.

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.

2002, c. 45, s. 605; 2004, c. 37, s. 90; 2008, c. 7, s. 128.

2004-12-17

314.1. The Authority may, after consulting with the Minister, issue guidelines applicable to companies.

The guidelines are not regulations. They are indicative of the exercise of the discretionary powers conferred on the Authority by this Act concerning:

(1)  the adequacy of the capital base;

(2)  the adequacy of liquid assets;

(3)  the policy that companies must adopt in compliance with section 153.1;

(4)  any other sound and prudent management practices, in particular those relating to commercial practices.

2002, c. 45, s. 605; 2004, c. 37, s. 90.

2002-12-11

314.1. The Agency may, after consulting with the Minister, issue guidelines applicable to companies.

The guidelines are not regulations. They are indicative of the exercise of the discretionary powers conferred on the Agency by this Act concerning :

(1)  the adequacy of the capital base ;

(2)  the adequacy of liquid assets ;

(3)  the policy that companies must adopt in compliance with section 153.1 ;

(4)  any other sound and prudent management practices, in particular those relating to commercial practices.

2002, c. 45, s. 605.