Trust and Loan Companies Act
Marginal note:Public accountability statements
444.2 (1) A company with equity of $1 billion or more shall, in accordance with regulations made under subsection (4), annually publish a statement describing the contribution of the company and its prescribed affiliates to the Canadian economy and society.
(2) A company shall, in the manner and at the time prescribed, file a copy of the statement with the Commissioner.
Marginal note:Provision of statement to public
(3) A company shall, in the manner and at the time prescribed, disclose the statement to its customers and to the public.
(4) The Governor in Council may make regulations prescribing
(a) the name, contents and form of a statement referred to in subsection (1) and the time in which it must be prepared;
(b) affiliates of a company referred to in subsection (1);
(c) the manner and time in which a statement must be filed under subsection (2); and
(d) the manner and time in which a statement mentioned in subsection (3) is to be disclosed, respectively, to a company’s customers and to the public.
- 2001, c. 9, s. 548
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