Investments in Associations and Cooperatively-owned Entities Regulations (SOR/2003-301)

Marginal note:Limitation

5 In subparagraphs 2(2)(a)(i) to (iii) and 3(2)(a)(i) to (iii), any reference to a substantial investment that an association has does not include a substantial investment

• (a) acquired by the association under regulations made under paragraph 396(a) of the Act, other than these Regulations;

• (b) acquired by the association in an entity referred to in paragraph 390(1)(a) of the Act if the association is a central cooperative credit society for which an order has been made under subsection 473(1) of the Act; and

• (c) acquired by the association by way of an investment of a specialized financing entity controlled by the association.