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Bank Act

Version of section 273 from 2012-12-19 to 2020-09-09:


Marginal note:Distribution

  •  (1) No person, including a bank, shall distribute securities of a bank that is not a federal credit union except in accordance with the regulations made under subsection (2).

  • Marginal note:Regulations

    (2) The Governor in Council may make regulations respecting the distribution of securities of a bank that is not a federal credit union, including

    • (a) respecting the information that is to be disclosed by such a bank before the distribution of any of its securities, including the information that is to be included in a prospectus;

    • (b) respecting the manner of disclosure and the form of the information that is to be disclosed; and

    • (c) exempting any class of distribution of securities from the application of subsection (1).

  • 1991, c. 46, s. 273
  • 2005, c. 54, s. 57
  • 2012, c. 5, s. 9
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