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ontario regulation 489/18

made under the

Credit Unions and Caisses Populaires Act, 1994

Made: December 5, 2018
Filed: December 7, 2018
Published on e-Laws: December 7, 2018
Printed in The �������� Gazette: December 22, 2018

Amending O. Reg. 237/09

(GENERAL)

1. Subsection 34 (3) of �������� Regulation 237/09 is amended by striking out “a syndicating credit union or a syndicating league”.

2. (1) Paragraph 2 of section 56 of the Regulation is amended by striking out “credit union” in the portion before subparagraph i and substituting “lead” and by adding the following subparagraph:

vi. A bank listed in Schedule I to the Bank Act (Canada).

(2) Subparagraph 3 i of section 56 of the Regulation is amended by striking out “credit union” at the end and substituting “lead”.

(3) Subparagraph 3 ii of section 56 of the Regulation is amended by striking out “who is a member of a credit union that is one of the lenders in the syndicated loan” and substituting “from ��������”.

(4) Subsubparagraph 3 iii A of section 56 of the Regulation is amended by striking out “Another” at the beginning and substituting “A”.

(5) Paragraph 5 of section 56 of the Regulation is amended by striking out “credit union” and substituting “lead”.

3. (1) Paragraph 2 of section 56.1 of the Regulation is amended by striking out “credit union” in the portion before subparagraph i and substituting “lead” and by adding the following subparagraph:

v. A bank listed in Schedule I to the Bank Act (Canada).

(2) Subparagraph 3 i of section 56.1 of the Regulation is amended by striking out “credit union” at the end and substituting “lead”.

(3) Paragraph 5 of section 56.1 of the Regulation is amended by striking out “credit union” and substituting “lead”.

Commencement

4. This Regulation comes into force on the day it is filed.

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