Insider Reports (Banks and Bank Holding Companies) Regulations (SOR/2006-310)
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Regulations are current to 2024-10-30
Insider Reports (Banks and Bank Holding Companies) Regulations
SOR/2006-310
Registration 2006-11-28
Insider Reports (Banks and Bank Holding Companies) Regulations
P.C. 2006-1435 2006-11-28
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 268Footnote a of the Bank ActFootnote b, hereby makes the annexed Insider Reports (Banks and Bank Holding Companies) Regulations.
Return to footnote aS.C. 2005, c. 54, s. 56
Return to footnote bS.C. 1991, c. 46
Interpretation
1 In these Regulations, Act means the Bank Act.
Insider Reports
2 (1) For the purpose of paragraph 268(a) of the Act, an insider means an insider as it is defined, for the purpose of insider reports, under any legislation set out in column 2 of the schedule.
(2) For the purpose of paragraph 268(b) of the Act, the required form and content of an insider report are to be the form and content required for insider reports under any legislation set out in column 2 of the schedule.
(3) For the purpose of paragraph 268(c) of the Act, the procedure for the submission and publication of insider reports is to be the procedure required for the submission and publication of insider reports under any legislation set out in column 2 of the schedule.
3 An insider required to submit an insider report under any legislation set out in column 2 of the schedule is to comply with the requirements set out in that legislation.
Exemption
4 (1) A person that is subject to an exemption under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, that provides that the person is not an insider for the purposes of the applicable legislation, is not an insider for the purpose of subsection 2(1).
(2) A person that is subject to an exemption from any or all insider reporting requirements under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, is also exempt from those requirements for the purposes of these Regulations.
Repeal
5 [Repeal]
6 [Repeal]
Coming into Force
7 These Regulations come into force on the day on which they are registered.
SCHEDULE(Sections 2 to 4)
PROVINCIAL LEGISLATION
| Column 1 | Column 2 | |
|---|---|---|
| Item | Jurisdiction | Legislation |
| 1 | Ontario | Securities Act, R.S.O. 1990, c. S.5, as amended from time to time |
| 2 | Quebec | Securities Act, R.S.Q., c. V-1.1, as amended from time to time |
| 3 | Nova Scotia | Securities Act, R.S.N.S. 1989, c. 418, as amended from time to time |
| 4 | New Brunswick | Securities Act, S.N.B. 2004, c. S-5.5, as amended from time to time |
| 5 | Manitoba | The Securities Act, C.C.S.M., c. S50, as amended from time to time |
| 6 | British Columbia | Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time |
| 7 | Saskatchewan | The Securities Act, 1988, S.S. 1988-89, c. S-42.2, as amended from time to time |
| 8 | Alberta | Securities Act, R.S.A. 2000, c. S-4, as amended from time to time |
| 9 | Newfoundland and Labrador | Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time |
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