Trust and Loan Companies Act
Marginal note:Order of exemption
281 (1) On application by a company or any person proposing to make a distribution, the Superintendent may, by order, exempt that distribution from the application of sections 278, 279 and 282 to 287 if the Superintendent is satisfied that the company has filed or is about to file, in compliance with the laws of the relevant jurisdiction, a prospectus relating to the distribution that, in form and content, substantially complies with the requirements of this Act and any regulations made under subsection 280(1).
(2) An order under subsection (1) may contain such conditions or limitations as the Superintendent deems appropriate.
- 1991, c. 45, s. 281
- 1999, c. 31, s. 216
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