Trust and Loan Companies Act and Regulations 2011

Description:

• Full text of the federal Trust and Loan Companies Act and regulations, incorporating all the latest amendments
• Other pertinent legislation, including regulations under the Canada Deposit Insurance Corporation Act, selected sections of the Office of the Superintendent of Financial Institutions Act, the Personal Information Protection and Electronic Documents Act, the Competition Act, and other relevant statutes, regulations, and policy documents
• Complete set of OSFI Guidelines, Regulatory and Legislative Advisories, Application and Approval Guides, Filing Instructions, Returns and Penalties, Rulings issued by the Superintendent of Financial Institutions, and other Regulatory Documents
• Comprehensive index and a section-by-section table of contents to ensure instant access to relevant material
• Table of concordance to the Bank Act, the Insurance Companies Act, the Cooperative Credit Associations Act, and the Canada Business Corporations Act to facilitate quick comparisons with relevant statutes
• Editorial notes throughout on the effective dates of legislation.

• Incorporation of all the legislative developments from the past year
• The Budget Implementation Act 2009, S.C. 2009 c. 2, amends the Trust and Loan Companies Act, S.C. 1991, c. 45 concerning the restriction on charges to borrowers (s. 418.1), regulating activities (s. 443.2) and orders for exemptions (s. 527.9)
• Four new regulations that deal with the mortgage insurance business, mortgage insurance disclosure, Canada Deposit Insurance Corporation differential premiums and credit business practices
• The Office of the Superintendent of Financial Institutions revised over 20 approval guidelines in 2009 for transaction instructions for applications. The Transaction Instructions provide applicants seeking regulatory approval under the Trust and Loan Companies Act with OSFI's information filing requirements and administrative guidance. Each of these revised versions has been included in the consolidation.