SOR/2006-312200611

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INSURANCE COMPANIES ACTInsider Reports (Insurance Companies and Insurance Holding Companies) RegulationsP.C.2006-1437200611

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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 291a of the Insurance Companies Actb, hereby makes the annexed Insider Reports (Insurance Companies and Insurance Holding Companies) Regulations.aS.C. 2005, c. 54, s. 271bS.C. 1991, c. 47Interpretation

1In these Regulations, Act means the Insurance Companies Act.

Insider Reports

2(1)For the purpose of paragraph 291(a) of the Act, an insider means an insider as it is defined, for the purpose of insider reports, under any legislation set out in column 2 of the schedule.(2)For the purpose of paragraph 291(b) of the Act, the required form and content of an insider report are to be the form and content required for insider reports under any legislation set out in column 2 of the schedule.(3)For the purpose of paragraph 291(c) of the Act, the procedure for submission and publication of insider reports is to be the procedure required for the submission and publication of insider reports under any legislation set out in column 2 of the schedule.

3An insider required to submit an insider report under any legislation set out in column 2 of the schedule is to comply with the requirements set out in that legislation.

Exemption

4(1)A person that is subject to an exemption under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, that provides that the person is not an insider for the purposes of the applicable legislation, is not an insider for the purpose of subsection 2(1).(2)A person that is subject to an exemption from any or all insider reporting requirements under any legislation set out in column 2 of the schedule, or an order of the relevant provincial securities regulator, is also exempt from those requirements for the purposes of these Regulations.

Coming into Force

5These Regulations come into force on the day on which they are registered.

SCHEDULE(Sections 2 to 4)PROVINCIAL LEGISLATIONColumn 1Column 2ItemJurisdictionLegislation1OntarioSecurities Act, R.S.O. 1990, c. S.5, as amended from time to time2QuebecSecurities Act, R.S.Q., c. V-1.1, as amended from time to time3Nova ScotiaSecurities Act, R.S.N.S. 1989, c. 418, as amended from time to time4New BrunswickSecurities Act, S.N.B. 2004, c. S-5.5, as amended from time to time5ManitobaThe Securities Act, C.C.S.M., c. S50, as amended from time to time6British ColumbiaSecurities Act, R.S.B.C. 1996, c. 418, as amended from time to time7SaskatchewanThe Securities Act, 1988, S.S. 1988-89, c. S-42.2, as amended from time to time8AlbertaSecurities Act, R.S.A. 2000, c. S-4, as amended from time to time9Newfoundland and LabradorSecurities Act, R.S.N.L. 1990, c. S-13, as amended from time to time