Canada Cooperatives Regulations

53 (1) For the purpose of paragraph 130(1)(b) of the Act,

• (a) the following laws of Canada or a province are prescribed:

  • (i) the Canadian Aviation Regulations made under the Aeronautics Act,

  • (ii) the Canada Transportation Act and any regulations made under it,

  • (iii) the Canada Oil and Gas Land Regulations and the Canada Oil and Gas Drilling and Production Regulations,

  • (iv) the Broadcasting Act,

  • (v) the Northern Mineral Exploration Assistance Regulations,

  • (vi) section 19 of the Income Tax Act,

  • (vii) the Securities Act (Ontario), R.S.O. 1990, c. S.5, and any regulations made under it, as amended from time to time,

  • (viii) the Securities Act (Quebec), R.S.Q., c. V-1.1 and any regulations made under it, as amended from time to time, and

  • (ix) any other law of Canada that has requirements in relation to Canadian ownership, or any other law of a province, as amended from time to time, that has requirements in relation to Canadian ownership; and

• (b) financial intermediary means a bank, a trust company, a loan company, an insurance company, an investment company, an association and a body corporate carrying on business as a securities broker, a dealer or an underwriter.

(2) For the purpose of paragraph 130(1)(c) of the Act, the following laws of Canada are prescribed:

• (a) the Canada Petroleum Resources Act and any regulations made under it; and

• (b) the Canada Transportation Act and any regulations made under it.

(3) For the purpose of paragraph 130(1)(d) of the Act, the following laws are prescribed:

• (a) the Insurance Companies Act and any regulations made under it; and

• (b) the Trust and Loan Companies Act and any regulations made under it.

(4) For the purpose of subsection 131(1) and paragraph 183(5)(b) of the Act, the following laws are prescribed:

• (a) the Insurance Companies Act and any regulations made under it;

• (b) the Trust and Loan Companies Act and any regulations made under it; and

• (c) the Income Tax Act and any regulations made under it.