EXEMPTION FROM RESTRICTIONS ON INVESTMENTS
Marginal note:Exemption from restrictions
4. For the purposes of subparagraph 3(3)(e)(ii), subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.
NON-APPLICATION OF SUBSECTION 390(5) OF THE ACT
5. Subsection 390(5) of the Act does not apply where, under paragraph 390(2)(f) of the Act, an association acquires control of, or acquires or increases of a substantial investment in, an entity whose business is limited to activities described in subsection 3(1). Nothing in this section limits the operation of subsections 3(2) and (3).
COMING INTO FORCE
Marginal note:Coming into force
6. These Regulations come into force on the day on which they are registered.
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