With respect to the following transactions, the Superintendent
is required to make a decision within thirty days of receipt of a complete
application, subject to certain exceptions.
DA
No. |
Type of Transaction |
BA
sections |
TLCA
sections |
ICA
sections |
CCAA
sections |
1 |
Issuance
of shares in consideration of property |
65
709 |
68 |
69
748 |
74 |
2 |
Purchase
or redemption of shares |
71
715 |
74 |
75
754 |
79 |
3 |
Materiality
criteria for an RE or its subsidiaries to hold shares or ownership interests
in an RE or an REs controlling entity |
72
716 |
75 |
76
755 |
80 |
4 |
Reduction
of stated capital |
75
718 |
78 |
79
757 |
82 |
5 |
Large
dividends |
Given the 2007 amendments to the FRFI legislation, this document is no longer relevant and has therefore been withdrawn from the OSFI Web site.
|
|
|
|
6 |
Issuance of subordinated debt in consideration of property. |
80
723 |
83 |
84
762 |
87 |
7 |
Exemption
from requirements for solicitation of proxies by dissidents |
156.05
746 |
160.05 |
164.04
789 |
166.05 |
8 |
Rectification
of non-compliance regarding appointment of board of directors |
170
758 |
174 |
178
805 |
177 |
9 |
Change
of name - by law |
217
802 |
222 |
238
544.1
851 |
221 |
10 |
Exemption to maintain and process outside Canada information or data
|
Given the 2007 amendments to the FRFI legislation, this document is no longer relevant and has therefore been withdrawn from the OSFI Web site.
|
|
|
|
11 |
Exemption
from restriction on being a partner in a partnership |
421
553.1
924 |
421 |
472
542.09
964 |
385 |
12 |
Transfer of seed money from segregated funds |
Given the 2007 amendments to the FRFI legislation, this document is no longer relevant and has therefore been withdrawn from the OSFI Web site.
|
|
|
|
13 |
Substantial
investment |
468(6)
930(6) |
453(6) |
495(8)
971(6) |
390(6) |
14 |
Giving
up control of an entity while keeping a substantial investment
|
468(11)
930(11) |
453(10) |
495(12)
970(10) |
390(10) |
15 |
Extension
of holding period for a temporary investment |
471(1),(2),(3),(5)
933(1),(2),(4) |
456(1),(2),(3),(5) |
498(1),(2),(3),(5)
557(1),(2),(3),(5)
974(1),(2),(4) |
393(1),(2),(3),(5) |
16 |
Extension
of divestiture period for the control of or holding of a substantial investment
in, an entity obtained as a result of a loan default |
472(4)
934(3) |
457(4) |
499(4)
558(4)
975(3) |
394(4) |
17 |
Extension
of divestiture period for the control of or substantial investment in an
entity obtained through realization of a security interest |
473(4)
935(3) |
458(4) |
500(4)
559(4)
976(3) |
395(4) |
18 |
Asset
transactions greater than 10% of assets |
482
944 |
470 |
512
569
987 |
406 |
19 |
Exemption
from self-dealing provisions disallowing issuance of shares of FI in exchange
for shares of another body corporate |
487(2)(a)(vi) |
475(2)(b)(vi) |
519(2)(b)(vi) |
411(2)(a)(iv) |
20 |
Related
party transactions of nominal value |
490 |
478 |
522 |
414 |
21 |
Reinsurance
with related unregistered reinsurer |
|
|
523
597 |
|
22 |
Related-party
asset transactions in a restructuring |
494 |
482 |
527 |
|
23 |
Related-party
asset transactions with a financial institution |
494 |
482 |
527 |
418 |
24 |
Acquisition
or disposal of assets exceeding 5% of a FIs assets, to/from a widely
held bank or insurance holding company or a subsidiary of the holding company
that is related to FI |
495.3 |
483.3 |
528.3 |
|