Trust and Loan Companies Act

Marginal note:First insider report

• 271 (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• (2) [Repealed, 1997, c. 15, s. 367]

• Marginal note:Where company continued

  (3) A person who is an insider of a body corporate on the day it is continued as a company under this Act shall, if the company is a distributing company, send to the Superintendent an insider report in prescribed form not later than ten days after

  • (a) the end of the month in which the body corporate is continued under this Act, or

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

  whichever is later.

• Marginal note:Constructive insider

  (4) A person who is deemed to have been an insider under subsection 270(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.