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Assets (Foreign Companies) Regulations

Version of section 8 from 2006-03-22 to 2009-12-31:


 The Superintendent may, by order, allow a foreign company to reduce the total value of assets required to be maintained pursuant to sections 4 and 5 by the amount of a letter of credit drawn on a bank, up to a maximum reduction of 15 per cent of the total value.


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