EXEMPTION FROM RESTRICTIONS ON INVESTMENTS
Marginal note:Exemption from restrictions
4. For the purposes of subparagraph 3(3)(g)(ii), subsections 453(4) to (6) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 451(2), paragraph 451(3)(b) or (c) or subsection 451(4) or 453(1) or (2) of the Act.
NON-APPLICATION OF SUBSECTION 453(5) OF THE ACT
5. Subsection 453(5) of the Act does not apply where, under paragraph 453(2)(f) of the Act, a company acquires control of, or acquires or increases a substantial investment in, an entity whose business is limited to activities described in subsection 3(1). Nothing in this section limits the operation of subsections 3(2) and (3).
COMING INTO FORCE
Marginal note:Coming into force
6. These Regulations come into force on the day on which they are registered.
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