Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 273 from 2006-11-28 to 2012-12-18:

Marginal note:Distribution

  •  (1) No person, including a bank, shall distribute securities of a bank except in accordance with the regulations made under subsection (2).

  • Marginal note:Regulations

    (2) The Governor in Council may make regulations respecting the distribution of securities of a bank, including

    • (a) respecting the information that is to be disclosed by a bank before the distribution of any of its securities, including the information that is to be included in a prospectus;

    • (b) respecting the manner of disclosure and the form of the information that is to be disclosed; and

    • (c) exempting any class of distribution of securities from the application of subsection (1).

  • 1991, c. 46, s. 273
  • 2005, c. 54, s. 57

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