Budget Implementation Act, 2006

Marginal note:Regulations

• 194 (1) The Governor in Council may make regulations respecting

  • (a) the percentage of the original principal amount to be subtracted under subsection 193(3), including the mortgages or hypothecs to which that percentage applies;

  • (b) information and documents, electronic or otherwise, to be maintained by a person who is a party to an agreement referred to in section 193; and

  • (c) the disclosure of any information and documents, electronic or otherwise, by such a person to the Minister of Finance or any person designated by the Minister of Finance.

• Marginal note:Application of regulations

  (2) A regulation made under paragraph (1)(a) does not apply in respect of a mortgage or hypothec that became insured before the coming into force of the regulation by an insurance policy that is subject to an agreement referred to in section 193.