Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations

SOR/2001-426

BANK ACT

INSURANCE COMPANIES ACT

Registration 2001-10-04

Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations

P.C. 2001-1797 2001-10-04

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978Footnote a of the Bank ActFootnote b and 1021Footnote c of the Insurance Companies ActFootnote d, hereby makes the annexed Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations.

Maximum Fee

Marginal note:Maximum fee

 For the purposes of subsections 85(2) of the Bank Act and 89(2) of the Insurance Companies Act, the maximum fee that may be charged for a security certificate issued in respect of a transfer is $5.

Repeals

Marginal note:Repeal

 [Repeal]

Marginal note:Repeal

 [Repeal]

Coming into Force

Marginal note:Coming into force

Footnote * These Regulations come into force on the day on which section 724 of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

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