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B.C. Reg. 105/92
O.C. 505/92
Deposited April 2, 1992
This consolidation is current to February 27, 2024.
Link to consolidated regulation (PDF)
Link to Point in Time

Financial Institutions Act

Extraprovincial Corporations Disclosure of Information Regulation

[Last amended August 1, 2021 by B.C. Reg. 208/2021]

Interpretation

1   In this regulation:

"Act" means the Financial Institutions Act;

"comparable legislation" means the legislation of another province or of Canada under which

(a) an extraprovincial insurance corporation is licensed, registered or in any way authorized to carry on activities that are substantially the same as insurance business, or

(b) an extraprovincial trust corporation is licensed, registered or in any way authorized to carry on activities that are substantially the same as trust business or deposit business or both,

as the case may be.

Condition respecting disclosure to superintendent

2   It is a condition of every business authorization issued to an extraprovincial corporation that the extraprovincial corporation permit persons charged with the administration and enforcement of the Act, or the administration and enforcement of comparable legislation

(a) to provide the superintendent, or any person acting under the direction of the superintendent, with information and records relating to the extraprovincial corporation, and

(b) to discuss with the superintendent any particulars of the extraprovincial corporation.

[am. B.C. Regs. 219/2019; 208/2021, App. 5, s. 3.]

[Provisions relevant to the enactment of this regulation: Financial Institutions Act, R.S.B.C. 1996, c. 141, s. 289 (3).]