Marginal note:Control not required

9. Subsection 453(4) of the Act does not apply to a company’s acquisition or increase of a substantial investment in an entity by way of specialized financing activities in accordance with these Regulations.

Marginal note:Approvals not required

10. Subsections 453(5) and (6) of the Act do not apply to a company’s acquisition of control of, or its acquisition or increase of a substantial investment in, an entity by way of specialized financing activities in accordance with these Regulations.

Marginal note:Repeal

11. The Specialized Financing Corporation (Trust and Loan Companies) RegulationsFootnote ¹ are repealed.

• Return to footnote ¹SOR/92-351

Marginal note:Coming into force

Footnote ^*12. These Regulations come into force on the day on which sections 452, 459 and 531 of the Trust and Loan Companies Act, as enacted by sections 550 and 569 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, come into force.

• Return to footnote ^*[Note: Regulations in force October 24, 2001, see SI/2001-102.]