Principal-protected Notes Regulations

Marginal note:Exception — agreements entered into by electronic means

5 An institution, other than an institution referred in section 6, that enters into an agreement for the issuance of a principal protected note by electronic means is not required to provide the oral disclosure referred to in section 3. However, at least two days before entering into the agreement the institution must disclose, in addition to the written disclosure referred to in section 3, the telephone number of a person who is knowledgeable about the terms and conditions of the note.