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B.C. Reg. 11/68 O.C. 3878/67 | effective January 1, 1968 |
[Last amended July 15, 2024 by B.C. Reg. 209/2024]
Division 7.2 — Bonds under Motion Picture Act
7.201 In this Division, "adult film", "adult film distributor", "copy" and "director" have the meanings given them in section 1 of the Motion Picture Act.
[en. B.C. Reg. 75/90.]
7.202 An adult film distributor licensed under the Motion Picture Act, or an agent of the adult film distributor approved by the director, who with the approval of the director wishes to affix a decal to an adult film or copy in a jurisdiction outside of the Province, shall furnish and maintain, during the term of the adult film distributor's licence, a bond or other security in the amount of $10 000 for the honest and lawful conduct of the business of an adult film distributor by the adult film distributor and the agents of the adult film distributor.
[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 1.]
7.203 The obligee in whose favour a bond under sections 7.202 and 7.205 shall be given and who shall hold the bond shall be the director.
[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 2.]
7.204 The bond or other security given under this section shall be forfeited if the adult film distributor or agent of the adult film distributor
(a) contravenes the Motion Picture Act or regulations made under it,
(b) contravenes a decision of the director made under the Motion Picture Act or regulations made under it, or
(c) is convicted of an offence under the Motion Picture Act.
[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 3.]
7.205 An adult film distributor who is required by the director, as a condition of issuing or renewing a licence, to post and maintain a bond or other security shall furnish and maintain during the term of the adult film distributor's licence a bond or other security in an amount of $10 000 for the honest and lawful conduct of the business of an adult film distributor by the adult film distributor.
[en. B.C. Reg. 107/91, s. 4.]
Division 7.4 — Bonds under the Degree Authorization Act
7.401 In this Division, "Act" means the Degree Authorization Act.
[en. B.C. Reg. 404/2003, s. 1.]
7.402 A person in respect of whom security is prescribed under the Act must deliver and maintain a bond in accordance with and in the amount specified by the Degree Authorization Regulation.
[en. B.C. Reg. 404/2003, s. 1.]
7.403 Despite section 8 of this regulation, acceptable security for a bond for the purposes of the Act, must consist of one or more of the following types of security:
(a) short term deposits, not to exceed 3 years, issued by a savings institution and registered in the name of the minister;
(b) registered marketable bonds that are
(i) in fully registered form, issued or guaranteed by the government of Canada or the government of any province, with a maturity date of not longer than 3 years away, and
(ii) accompanied by a duly executed, irrevocable power of attorney that authorizes the minister to realize the security;
(c) treasury bill notes issued by the government of Canada or the government of any province;
(d) irrevocable letters of credit, issued by a savings institution, with a termination date beyond the required term of security and containing a promise to pay the minister a specified sum on written demand;
(e) surety bonds, issued by a person authorized under the Financial Institutions Act to carry on insurance business.
[en. B.C. Reg. 404/2003, s. 1; am. B.C. Reg. 204/2011, Sch. B, s. 5.]
Division 8 — Acceptable Types of Security
8 For the purposes of the Bonding Act and this regulation, a bond must consist of one or more of the following types of security:
(a) short term deposits, not to exceed 3 years, issued by a savings institution and registered in the name of the minister, the interest from which may be payable to the depositor;
(b) guaranteed investment certificates, not to exceed 3 years, issued by a savings institution and registered in the name of the minister, the interest from which may be payable to the person who takes out the certificate;
(c) registered marketable bonds that are
(i) in fully registered form, issued or guaranteed by the government of Canada or the government of any province, with a maturity date of not longer than 3 years, and
(ii) accompanied by a duly executed, irrevocable power of attorney that authorizes the minister to realize the security;
(d) treasury bill notes issued by the government of Canada or the government of any province;
(e) irrevocable letters of credit, issued by a savings institution, with a termination date beyond the required term of security and containing a promise to pay the minister a specified sum on written demand;
(f) bank drafts issued in Canadian funds;
(g) personal money orders issued in Canadian funds by a savings institution, or postal money orders issued by the Canada Post Corporation;
(h) a bond of the Insurance Corporation of British Columbia;
(i) cash, in Canadian funds, and a cash bond must provide that no interest is payable by the government unless required under the enactment, licence or permit under which the security is required or by a contract with the government;
(j) surety bonds, issued by a person authorized under the Financial Institutions Act to carry on insurance business;
(k) a certified cheque issued by a financial institution.
[en. B.C. Reg. 347/93; am. B.C. Regs. 186/95, s. (a); 204/2011, Sch. B, s. 5.]
9 The following Acts, and any regulation made under them, are designated for the purposes of section 2 of the Bonding Act:
Agricultural Land Commission Act
Business Practices and Consumer Protection Act
Transport of Dangerous Goods Act
[en. B.C. Reg. 347/93; am. B.C. Regs. 186/95, s. (b); 404/2003, s. 2; 295/2004, s. 2 (b); 126/2008, s. 3; 216/2010, Sch., s. 1; 269/2010, Sch., s. 2; 91/2013, Sch., s. 2; 99/2015, s. 2; 66/2019, s. 5; 187/2023, Sch., s. 12; 209/2024, s. 2.]
Repealed. [B.C. Reg. 209/2024, s. 3.]
[Provisions relevant to the enactment of this regulation: Bonding Act, R.S.B.C. 1996, c. 30, s. 11.]
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