AI-assisted research summary: These Regulations define when a company counts as a distributing company and say they take effect when registered.
Distributing Trust and Loan Company Regulations Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 2.3(1)a of the Trust and Loan Companies Actb, hereby makes the annexed Distributing Trust and Loan Company Regulations. S.C. 2005, c. 54, s. 369 S.C. 1991, c. 45 In these Regulations, Act means the Trust and Loan Companies Act. For the purpose of the Act and subject to subsection (2), any one of the following constitutes a distributing company: a company that is a reporting issuer under any legislation that is set out in column 2 of the schedule; or in the case of a company that is not a reporting issuer referred to in paragraph (a), a company that has filed a prospectus or registration statement under provincial or foreign legislation, any of the securities of which are listed and posted for trading on a stock exchange in or outside Canada, or that is involved in, is formed for, results from or is continued after an amalgamation, a reorganization, an arrangement or a statutory procedure, if one of the participating bodies corporate is an entity referred to in subparagraph (i) or (ii). A company that is subject to an exemption under provincial securities legislation, or to an order of the relevant provincial securities regulator that provides that the company is not a reporting issuer for the purposes of the applicable legislation, is not a distributing company for the purpose of subsection (1). These Regulations come into force on the day on which they are registered. the definition reporting issuer in subsection 1(1) of the Securities Act, R.S.O. 1990, c. S.5, as amended from time to time the definition reporting issuer in sections 5 and 68 of the Securities Act, R.S.Q., c. V-1.1, as amended from time to time the definition reporting issuer in paragraph 2(1)(ao) of the Securities Act, R.S.N.S. 1989, c. 418, as amended from time to time the definition reporting issuer in subsection 1(1) of the Securities Act, S.N.B. 2004, c. S-5.5, as amended from time to time the definition reporting issuer in subsection 1(1) of the Securities Act, C.C.S.M., c. S50, as amended from time to time the definition reporting issuer in subsection 1(1) of the Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time the definition reporting issuer in paragraph 2(1)(qq) of The Securities Act, 1988, S.S. 1988-89, c. S-42.2, as amended from time to time the definition reporting issuer in paragraph 1(ccc) and section 145 of the Securities Act, R.S.A. 2000, c. S-4, as amended from time to time the definition reporting issuer in paragraph 2(1)(oo) of the Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time