1 The following definitions apply in these Regulations.
- distribution
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distribution means
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(a) a trade by or on behalf of a bank holding company in securities of the bank holding company that have not previously been issued; or
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(b) a trade in previously issued securities of a bank holding company from the holdings of any person or group of persons who act in concert and who hold in excess of 10% of the shares of any class of voting shares of the bank holding company. (mise en circulation)
