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Order Designating Saskatchewan for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code (SOR/2011-204)

Regulations are current to 2024-11-26 and last amended on 2012-01-01. Previous Versions

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Order Designating Saskatchewan for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

SOR/2011-204

CRIMINAL CODE

Registration 2011-09-30

Order Designating Saskatchewan for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

P.C. 2011-1108 2011-09-29

Whereas Saskatchewan has legislative measures that protect recipients of payday loans and that provide for limits on the total cost of borrowing under a payday loan agreement;

And whereas the Lieutenant Governor in Council of Saskatchewan has requested that the Governor in Council designate that province for the purposes of section 347.1Footnote a of the Criminal CodeFootnote b;

Therefore, His Excellency the Governor General in Council, on the recommendation of the Minister of Justice and the Minister of Industry, pursuant to subsection 347.1(3)Footnote a of the Criminal CodeFootnote b, hereby makes the annexed Order Designating Saskatchewan for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.

Province Designated

1 Saskatchewan is designated for the purposes of section 347.1 of the Criminal Code.

Coming into Force

Footnote *2 This Order comes into force at 12:00 a.m. Central Time or — in that part of the province in the Mountain Time zone — Mountain Time, on the first day on which the following are all in force:

  • (a) sections 5, 18 and 19 of The Payday Loans Act, S.S. 2007, c. P-4.3; and

  • (b) section 14 of The Payday Loans Regulations, R.R.S. c. P-4.3 Reg. 1.

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