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Supervisory Information (Insurance Holding Companies) Regulations (SOR/2001-484)

Regulations are current to 2022-09-22 and last amended on 2011-09-22. Previous Versions

Supervisory Information (Insurance Holding Companies) Regulations

SOR/2001-484

INSURANCE COMPANIES ACT

Registration 2001-11-01

Supervisory Information (Insurance Holding Companies) Regulations

P.C. 2001-2028  2001-11-01

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 999Footnote a and 1021Footnote a of the Insurance Companies ActFootnote b, hereby makes the annexed Supervisory Information (Insurance Holding Companies) Regulations.

Supervisory Information

  • SOR/2011-196, s. 28

Prohibited Disclosure

 Subject to sections 3 and 4, an insurance holding company shall not, directly or indirectly, disclose information referred to in section 1.

  • SOR/2011-196, s. 29

Limited Disclosure

 An insurance holding company may disclose information referred to in section 1 to its affiliates or to its directors, officers, employees, auditors, securities underwriters or legal advisors, or to those of its affiliates, if the insurance holding company ensures that the information remains confidential.

  • SOR/2011-196, s. 29

 An insurance holding company or any of its affiliates may disclose information referred to in paragraph 1(1)(c) if the insurance holding company or affiliate considers the information to contain a material fact or material change that is required by the securities laws of the relevant jurisdiction to be disclosed.

  • SOR/2011-196, s. 30(E)

Coming into Force

 These Regulations come into force on the day on which they are registered.

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