Exemption from Approval for Certain Investments in Intragroup Service Entities (Trust and Loan Companies) Regulations (SOR/2003-245)
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Regulations are current to 2026-05-26
Marginal note:Exemption
1 Subsections 453(5) and (6) of the Trust and Loan Companies Act do not apply to a company’s acquisition of control of, or a company’s acquisition or increase of a substantial investment in, an entity referred to in paragraph 453(4)(b) of that Act if the financial intermediary activities of the entity that expose the entity to material market or credit risk are limited to providing services exclusively to the company or members of the company’s group.
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