Civil Remedies (Cooperative Credit Associations) Regulations

The Civil Remedies (Cooperative Credit Associations) Regulations were established by the Governor General in Council on November 28, 2006, under the Cooperative Credit Associations Act. The regulations provide civil remedies for cooperative credit associations, including a prescribed percentage of voting rights attached to outstanding shares and definitions of take-over bid under various jurisdictions' securities legislation. These regulations came into force upon registration and outline specific circumstances that exempt insiders from certain regulations.