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Special Economic Measures (Russia) Regulations

Version of section 3.1 from 2014-09-16 to 2014-12-18:


Marginal note:New debt financing — 30 days

  •  (1) It is prohibited for any person in Canada and any Canadian outside Canada to transact in, provide or otherwise deal in a loan, bond or debenture, of longer than 30 days’ maturity in relation to:

    • (a) a designated person listed in Schedule 2;

    • (b) the property of a designated person listed in Schedule 2; or

    • (c) the interests or rights in property of a designated person listed in Schedule 2.

  • Marginal note:New debt financing — 90 days

    (1.1) It is prohibited for any person in Canada and any Canadian outside Canada to transact in, provide or otherwise deal in a loan, bond or debenture, of longer than 90 days’ maturity in relation to:

    • (a) a designated person listed in Schedule 3;

    • (b) the property of a designated person listed in Schedule 3; or

    • (c) the interests or rights in property of a designated person listed in Schedule 3.

  • Marginal note:Non-application

    (2) Subsections (1) and (1.1) do not apply in respect of a loan that was made or a bond or debenture that was issued before the designated person was listed in Schedule 2 or 3.

  • SOR/2014-184, s. 5
  • SOR/2014-204, s. 1

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