Exemption from Approval for Certain Investments in Intragroup Service Entities (Cooperative Credit Associations) Regulations

The Exemption from Approval for Certain Investments in Intragroup Service Entities (Cooperative Credit Associations) Regulations were made by the Governor General in Council, pursuant to paragraph 396(b) and section 463 of the Cooperative Credit Associations Act. The regulations exempt certain investments in intragroup service entities, specifically those that are limited to providing services exclusively to an association or its members. This exemption applies when the financial intermediary activities of the entity expose it to material market or credit risk, but only if the investment does not exceed control or a substantial increase in ownership. The regulations come into force on the day they are registered.