Financial Consumer Agency of Canada Act (S.C. 2001, c. 9)
Full Document:
Assented to 2001-06-14
Marginal note:1991, c. 47, s. 716(2); 1999, c. 2, par. 37(z.8)
579. Paragraph 94(b) of the Act is replaced by the following:
(b) a merger or proposed merger under the Bank Act, the Cooperative Credit Associations Act, the Insurance Companies Act or the Trust and Loan Companies Act in respect of which the Minister of Finance has certified to the Commissioner the names of the parties and that the merger is in the public interest — or that it would be in the public interest, taking into account any terms and conditions that may be imposed under those Acts.
Marginal note:1991, c. 47, s. 717; 1999, c. 2, par. 37(z.14)
580. Paragraph 113(a.1) of the Act is replaced by the following:
(a.1) a transaction in respect of which the Minister of Finance has certified to the Commissioner under paragraph 94(b) that it is, or would be, in the public interest;
Marginal note:1998, c. 13
Depository Bills and Notes Act
581. The Depository Bills and Notes Act is amended by adding the following after section 5:
Marginal note:Payment from assets of partnership, etc.
5.1 For the purposes of sections 4 and 5, an order or a promise to pay is not conditional by reason only that it is limited to payment from the assets of a partnership, unincorporated association, trust or estate.
582. The Act is amended by adding the following after section 15:
Marginal note:Payment from assets of partnership, etc.
15.1 For the purposes of sections 13, 14 and 15, a depository bill or a depository note whose order or promise to pay is limited to payment from the assets of a partnership, unincorporated association, trust or estate is not dishonoured by its acceptor, drawer or maker if that person provides funds to the clearing house to which it is payable in accordance with the order or promise to pay and section 17.
Marginal note:R.S., c. 32 (2nd Supp.)
Pension Benefits Standards Act, 1985
583. Subsection 38(4) of the Pension Benefits Standards Act, 1985 is replaced by the following:
Marginal note:Limitation period
(4) Proceedings in respect of an offence under this Act may be commenced at any time within, but not later than, two years after the day on which the subject-matter of the proceedings became known to the Superintendent.
Marginal note:Certificate of Superintendent
(4.1) A document appearing to have been issued by the Superintendent, certifying the day on which the subject-matter of any proceedings became known to the Superintendent, is admissible in evidence without proof of the signature or official character of the person appearing to have signed it and is, in the absence of evidence to the contrary, proof of the matter asserted in it.
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