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Bank Act

Version of section 274 from 2012-12-19 to 2020-03-05:


Marginal note:Order of exemption

  •  (1) On application by a bank or any person proposing to make a distribution, the Superintendent may, by order, exempt that distribution from the application of any regulations made under subsection 273(2) or 273.1(2) if the Superintendent is satisfied that the bank or federal credit union, as the case may be, has disclosed or is about to disclose, in compliance with the laws of the relevant jurisdiction, information relating to the distribution that in form and content substantially complies with the requirements of those regulations.

  • Marginal note:Conditions

    (2) An order under subsection (1) may contain any conditions or limitations that the Superintendent deems appropriate.

  • 1991, c. 46, s. 274
  • 2005, c. 54, s. 57
  • 2012, c. 5, s. 11
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