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Trust and Loan Companies Act

Version of section 444.2 from 2012-05-24 to 2024-05-14:


Marginal note:Public accountability statements

  •  (1) A company with equity of $1 billion or more shall, in accordance with regulations made under subsection (4), annually publish a statement describing the contribution of the company and its prescribed affiliates to the Canadian economy and society.

  • Marginal note:Filing

    (2) A company shall, at the prescribed time and place and in the prescribed form and manner, file a copy of the statement with the Commissioner.

  • Marginal note:Provision of statement to public

    (3) A company shall, at the prescribed time and place and in the prescribed form and manner, disclose the statement to its customers and to the public.

  • Marginal note:Regulations

    (4) The Governor in Council may make regulations prescribing

    • (a) the name, contents and form of a statement referred to in subsection (1) and the time within which, the place at which and the manner in which it must be prepared;

    • (b) affiliates of a company referred to in subsection (1);

    • (c) the time and place at which and the form and manner in which a statement must be filed under subsection (2); and

    • (d) the time and place at which and the form and manner in which a statement mentioned in subsection (3) is to be disclosed, respectively, to a company’s customers and to the public.

  • 2001, c. 9, s. 548
  • 2012, c. 5, s. 177

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