Specialized Financing (Retail Associations) Regulations

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Act

  Act means the Cooperative Credit Associations Act. (Loi)

  balance sheet value

  balance sheet value, in respect of the shares and ownership interests held by an entity, means the value reported on its balance sheet on an unconsolidated basis. (valeur au bilan)

  book value

  book value[Repealed, SOR/2008-168, s. 11]

  specialized financing entity of the retail association

  specialized financing entity of the retail association means a specialized financing entity that is controlled by the retail association or in which the retail association holds a substantial investment. (entité de l’association de détail s’occupant de financement spécial)

  subsidiary

  subsidiary, in respect of a retail association, does not include a subsidiary that is a specialized financing entity of the retail association. (filiale)

• Definition of specialized financing entity

  (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 386(1) of the Act, specialized financing entity means an entity that acquires or holds shares of, or ownership interests in, entities that a retail association may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 388(4) of the Act.