Canada Business Corporations Regulations, 2001

87 (1) For the purpose of paragraph 174(1)(b) of the Act,

• (a) the following laws 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 made under Appropriation Act No. 9, 1966,

  • (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), CQRL 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, trust company, loan company, insurance company, investment company and body corporate that carries on business as a securities broker, a dealer or an underwriter.

(2) For the purposes of subsection 32(1) and paragraphs 46(1)(a), 49(10)(a) and 174(1)(c) of the Act, the following laws 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 paragraphs 46(1)(b), 49(10)(b) and 174(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.