Protection of Assets (Trust and Loan Companies) Regulations (SOR/92-350)

3 These Regulations do not apply to a company

• (a) that is carrying on business in a jurisdiction in compliance with a law of that jurisdiction, to the extent that that law is inconsistent with these Regulations; or

• (b) to the extent that they are inconsistent with

  • (i) a power conferred or a duty imposed on the company in respect of the administration of an estate or trust, or

  • (ii) the discharge of the company’s responsibilities in acting as an agent.