Cooperative Credit Associations Act

Marginal note:First insider report

• 261 (1) An insider shall send to the Superintendent an insider report in prescribed form not later than ten days after the later of

  • (a) the end of the month in which the person became an insider, and

  • (b) the end of the month in which regulations prescribing the form of an insider report come into force.

• (2) [Repealed, 1997, c. 15, s. 131]

• Marginal note:Constructive insider

  (3) A person who is deemed to have been an insider under subsection 260(4) shall, not later than ten days after

  • (a) the end of the month in which the person is deemed to have become an insider, or

  • (b) the end of the month in which regulations prescribing the form of an insider report come into force,

  whichever is later, send to the Superintendent, in prescribed form and for the period in respect of which the person is deemed to have been an insider, the insider report that the person would have been required to send under this section had the person been otherwise an insider for that period.