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Economic Action Plan 2013 Act, No. 2 (S.C. 2013, c. 40)

Assented to 2013-12-12

  •  (1) Subsection 436(2) of the Act is repealed.

  • (2) Subsection 436(6) of the Act is repealed.

  • (3) Subsection 436(8) of the Act is repealed.

  •  (1) Subsection 437(2) of the Act is repealed.

  • (2) Subsection 437(4) of the Act is repealed.

  • (3) Subsection 437(6) of the Act is repealed.

 Subsection 438(2) of the Act is repealed.

 Subsections 439(2) and (3) of the Act are repealed.

  •  (1) Subsection 440(2) of the Act is repealed.

  • (2) Subsection 440(4) of the Act is repealed.

 Subsection 441(2) of the Act is repealed.

 Subsection 442(2) of the Act is repealed.

 Subsection 443(2) of the Act is repealed.

 Sections 448 and 449 of the Act are repealed.

 Subsection 461(2) of the Act is repealed.

 Subsections 463(2) to (4) of the Act are repealed.

SOR/96-445Employment Insurance (Fishing) Regulations

 Subsection 13(1) of the Employment Insurance (Fishing) Regulations is amended by striking out “and” at the end of paragraph (a) and by replacing paragraph (b) with the following:

  • (b) if the date of delivery of a catch falls within the qualifying period described in section 8 of the Act, the earnings of the fisher from employment as a fisher, as determined in accordance with subsections 5(2) and (3), shall be allocated equally to each day of the fishing trip; and

  • (c) the earnings allocated under paragraph (b) to any day falling within the qualifying period are deemed, for the purposes of subsection 14(2) of the Act, to be insurable earnings in the calculation period but are not to be used to determine the calculation period under subsection 14(4) of the Act.

Coming into Force

Marginal note:April 1, 2016
  •  (1) Subsections 126(1), (4), (5), (7), (8) and (10), 127(3) and 128(3) and sections 131 and 136 come into force on April 1, 2016.

  • Marginal note:January 1, 2017

    (2) Subsection 126(3) comes into force on January 1, 2017.

  • Marginal note:January 1, 2018

    (3) Subsection 126(9) comes into force on January 1, 2018.

  • Marginal note:April 7, 2013

    (4) Section 157 is deemed to have come into force on April 7, 2013.

Division 2Financial Institutions (Conflicts of Interest)

R.S., c. 18 (3rd Supp.), Part IOffice of the Superintendent of Financial Institutions Act

 Section 20 of the Office of the Superintendent of Financial Institutions Act is repealed.

1991, c. 45Trust and Loan Companies Act

 Paragraph 164(g) of the Trust and Loan Companies Act is repealed.

1991, c. 46Bank Act

 Paragraph 160(g) of the Bank Act is repealed.

Marginal note:2001, c. 9, s. 71

 Section 160.1 of the Act is repealed.

Marginal note:2001, c. 9, s. 183

 Paragraph 750(g) of the Act is repealed.

1991, c. 47Insurance Companies Act

Marginal note:2001, c. 9, s. 465

 Paragraph 797(g) of the Act is repealed.

2001, c. 9Financial Consumer Agency of Canada Act

 Section 15 of the Financial Consumer Agency of Canada Act is repealed.

Division 3Financial Institutions (Investments)

1991, c. 45Trust and Loan Companies Act

 Section 451 of the Trust and Loan Companies Act is amended by adding the following after subsection (5):

  • Marginal note:Non-application of subsection (2)

    (5.1) No company shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 453(1)(j).

  • Marginal note:Holding

    (5.2) If a company holds a substantial investment in an entity referred to in paragraph 453(1)(j) that it acquired or increased under subsection (2) before the coming into force of subsection (5.1), the company may continue to hold that substantial investment.

1991, c. 46Bank Act

 Section 466 of the Bank Act is amended by adding the following after subsection (5):

  • Marginal note:Non-application of subsection (2)

    (5.1) No bank shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 468(1)(j).

  • Marginal note:Holding

    (5.2) If a bank holds a substantial investment in an entity referred to in paragraph 468(1)(j) that it acquired or increased under subsection (2) before the coming into force of subsection (5.1), the bank may continue to hold that substantial investment.

 Section 928 of the Act is amended by adding the following after subsection (4):

  • Marginal note:Non-application of subsection (2)

    (4.1) No bank holding company shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 930(1)(j).

  • Marginal note:Holding

    (4.2) If a bank holding company holds a substantial investment in an entity referred to in paragraph 930(1)(j) that it acquired or increased under subsection (2) before the coming into force of subsection (4.1), the bank holding company may continue to hold that substantial investment.

1991, c. 47Insurance Companies Act

 Section 493 of the Insurance Companies Act is amended by adding the following after subsection (5):

  • Marginal note:Non-application of subsection (2)

    (5.1) No company shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 495(1)(j).

  • Marginal note:Holding

    (5.2) If a company holds a substantial investment in an entity referred to in paragraph 495(1)(j) that it acquired or increased under subsection (2) before the coming into force of subsection (5.1), the company may continue to hold that substantial investment.

 Section 552 of the Act is amended by adding the following after subsection (4):

  • Marginal note:Non-application of subsection (2)

    (4.1) No society shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 554(1)(c).

  • Marginal note:Holding

    (4.2) If a society holds a substantial investment in an entity referred to in paragraph 554(1)(c) that it acquired or increased under subsection (2) before the coming into force of subsection (4.1), the society may continue to hold that substantial investment.

 Section 969 of the Act is amended by adding the following after subsection (4):

  • Marginal note:Non-application of subsection (2)

    (4.1) No insurance holding company shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 971(1)(j).

  • Marginal note:Holding

    (4.2) If an insurance holding company holds a substantial investment in an entity referred to in paragraph 971(1)(j) that it acquired or increased under subsection (2) before the coming into force of subsection (4.1), the insurance holding company may continue to hold that substantial investment.

1991, c. 48Cooperative Credit Associations Act

 Section 388 of the Cooperative Credit Associations Act is amended by adding the following after subsection (5):

  • Marginal note:Non-application of subsection (2)

    (5.1) No association shall, under subsection (2), acquire control of, or acquire or increase a substantial investment in, an entity referred to in paragraph 390(1)(h).

  • Marginal note:Holding

    (5.2) If an association holds a substantial investment in an entity referred to in paragraph 390(1)(h) that it acquired or increased under subsection (2) before the coming into force of subsection (5.1), the association may continue to hold that substantial investment.

Division 4Passports

R.S., c. C-46Criminal Code

Marginal note:1995, c. 5, par. 25(1)(g)

 Subsection 57(5) of the Criminal Code is replaced by the following:

  • Definition of “passport”

    (5) In this section, “passport” has the same meaning as in section 2 of the Canadian Passport Order.

 
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