Investment Canada Act

Marginal note:Regulations

• 35 (1) The Governor in Council may make regulations

  • (a) prescribing anything that, pursuant to any provision of this Act, is to be prescribed; and

  • (b) prescribing any other matter or thing necessary for carrying into effect the purposes and provisions of this Act.

• Marginal note:Prescribing periods

  (1.1) Any regulations prescribing a period for the purposes of subsections 25.2(1) and 25.3(1) may provide for a separate period depending on whether it is in respect of an investment referred to in section 11 or 14 or any other investment and, for the purposes of subsection 25.3(1), depending on whether a notice has or has not been issued under subsection 25.2(1).

• Marginal note:Tabling regulations

  (2) Any regulations made for the purposes of section 15 or the definition new Canadian business in section 3 that prescribe a specific type of business activity that, in the opinion of the Governor in Council, is related to Canada’s cultural heritage or national identity shall be laid before each House of Parliament on any of the first five days on which that House is sitting after they are made and shall not come into force before sixty days after they are made.

• Marginal note:Referral to committee

  (3) Any regulations laid before a House of Parliament pursuant to subsection (2) shall be referred to such standing or special committee of that House as may be established or designated for the purpose of studying matters to which the regulations relate.

• Marginal note:Exception

  (4) Subsection (2) does not apply to any regulation referred to in that subsection that comes into force on the day this Act comes into force.