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Bill C-82

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    (a.01) to any other agency or body that regulates or supervises financial institutions, for purposes related to that regulation or supervision,

407. The Act is amended by adding the following after section 527:

Alternative means of publication

527.1 (1) Anything that is required by a provision of this Act to be published in the Canada Gazette or to be published in any other way may, instead of being published in that way, be published in any manner that may be prescribed for the purpose of that provision.

Alternative means of publishing summaries

(2) Anything that is required by a provision of this Act to be summarized in a publication may instead be summarized and published in any manner that may be prescribed for the purpose of that provision.

Publication conditions

(3) Any condition under a provision of this Act that something be published in the Canada Gazette or in any other way is satisfied if that thing is published instead in any manner that may be prescribed for the purpose of that provision.

Other consequences

(4) Where a provision of this Act provides for consequences to follow the publication of something in the Canada Gazette or in any other manner, the same consequences follow the publication of that thing in any other manner that may be prescribed for the purpose of that provision.

408. Section 531 of the Act is amended by adding the following after paragraph (a):

    (a.1) prescribing the way in which anything that is required or authorized by this Act to be prescribed shall be determined;

409. Paragraphs 534(1)(a) and (b) of the Act are replaced by the following:

    (a) in the case of a natural person, liable

      (i) on summary conviction, to a fine not exceeding $100,000 or to imprisonment for a term not exceeding twelve months, or to both, or

      (ii) on conviction on indictment, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding five years, or to both; and

    (b) in the case of an entity, liable

      (i) on summary conviction, to a fine not exceeding $500,000, or

      (ii) on conviction on indictment, to a fine not exceeding $5,000,000.

410. Section 535 of the Act is replaced by the following:

Liability of officers, directors, etc.

535. Where an entity commits an offence under this Act, any officer, director or agent of the entity who directed, authorized, assented to, acquiesced in or participated in the commission of the offence is a party to and guilty of the offence and liable on summary conviction or on conviction on indictment to the punishment provided under paragraph 534(1)(a) for the offence whether or not the entity has been prosecuted or convicted.

R.S., c. W-11; 1996, c. 6, s. 134

WINDING-UP AND RESTRUCTURING ACT

1996, c. 6, s. 161

411. Paragraph 161(2)(b) of the Winding-up and Restructuring Act is replaced by the following:

    (b) a policyholder of the company claiming a minimum amount that the company has agreed to pay under a policy or in respect of an amount for which a segregated fund is maintained under section 451, subsection 542.03(2) or section 593 of the Insurance Companies Act for a deficiency if the assets of the fund are insufficient to satisfy such a claim

COMING INTO FORCE

Coming into force

412. Except for sections 2, 116, 168 and 341, this Act or any of its provisions or any provision of any other Act enacted or amended by this Act comes into force on a day or days to be fixed by order of the Governor in Council. The day fixed for the coming into force of section 45 must be the same as the day fixed for the coming into force of section 459.1 of the Bank Act, as enacted by section 55.