THE NEWFOUNDLAND AND LABRADOR GAZETTE

PART I PUBLISHED BY AUTHORITY Vol. 96 ST. JOHN’S, FRIDAY , DECEMBER 3, 2021 No. 48 LAW SOCIETY ACT, 1999 NOTICE RE: DISPOSITION OF UNCLAIMED TRUST FUNDS Published in accordance with

Section 70.1 of the Law Society Act, 1999, SNL 1999 cL-9.1 (the “Act”). Pursuant to the Act, any lawyer who has held money in trust on behalf of a client and has been unable to locate that client for two years or more, is required to pay the trust monies to the Law Society of Newfoundland and Labrador (the “Law Society”) where it is held for 10 years and then, if unclaimed, is paid to the Law Foundation.

NOTICE IS HEREBY GIVEN that trust funds remitted to the Law Society by the firms identified below, and held on behalf of the named clients, will be paid to the Law Foundation on 4 January 2023 unless a satisfactory claim is made by 1 October 2022. A Claim Form can be obtained by contacting Pamela Marks, Professional Responsibility Administrator, at (709) 758- 0816 or pmarks@lsnl.ca. Please note that claims are not enforceable after the expiration of 10 years after the money is received by the Law Society.

Any claims rejected by the Law Society prior to the expiration of 10 years are eligible for review by the Supreme Court, Trial Division.

Babb Law Office Damien & Barbara Kelly ..........................................$177.00 Cox & Palmer Mohammed Nassoh Hafez ....................................... $222.32 Easton Hillier Lawrence Preston Abitibi Consolidated Inc ...........................................$847.00 Gladys Dunne Law Regina Callahan ........................................................$100.00 Paula & Donna Fitzgerald .......................................... $35.00 Ruth Noseworthy ........................................................$26.35 MacBeath & Associates Nicholas Gourmelon & Sererine Ilhaggeguy ............$137.00 Mercer MacNab Vavasour & Fagan Heather Maxey .......................................................$2,000.00 McInnes Cooper Andrew Rennie .........................................................$100.00 O’Dea Earle Heather Putt ................................................................$68.25 Parsons Law Mose & Madonna Tobin .............................................$51.00 Richard & Kathy Pike .................................................$51.00 Wayne & Sharon Hillier ..............................................$51.00 321

Wayne & Nina Wals ................................................... $51.00 Austin & Helen Penney ..............................................$51.00 Harold & Luda Ruby ..................................................$51.00 Anthony & Gloria Hanlon ..........................................$51.00 Robert & Mary O’Keefe .............................................$51.00 Clyde & Janet Wiseman ............................................$102.00 Robert & Cheryl Parsons ............................................$51.00 Edgar & Viola Norman ...............................................$51.00 Frank Noftall ...............................................................$51.00 George & Angela Philips ............................................$51.00 Charles Parsons ...........................................................$51.00 Gerald & Elizabeth Walsh ...........................................$51.00 Tina Croucher .............................................................$25.00 Larry Drover .................................................................$2.35 Stewart McKelvey Dr.

Samantha Collins ..................................................$75.00 LAW SOCIETY OF NEWFOUNDLAND AND LABRADOR PER: Pamela Marks, Professional Responsibility Administrator ADDRESS FOR SERVICE: P. O. Box 1028 St. John’s, NL A1C 5M3 Tel: (709) 758-0816 Email: pmarks@lsnl.ca Dec. 3 URBAN AND RURAL PLANNING ACT, 2000 NOTICE OF REGISTRATION TOWN OF PARADISE DEVELOPMENT REGULATIONS AMENDMENT No. 9, 2021 TAKE NOTICE that the TOWN OF PARADISE DEVELOPMENT REGULATIONS AMENDMENT NO. 9, 2021, adopted on the 7th day of September, 2021, has been registered by the Minister of Municipal and Provincial Affairs.

IN GENERAL TERMS, this is an amendment to rezone 6.5 hectares of land on St. Thomas Road from ‘Residential Subdivision Area’ to ‘Residential Low Density’ and from ‘Residential Medium Density’ to ‘Residential Low Density’ in order to accommodate single family detached residential development. This Amendment comes into effect on the day that this notice is published in The Newfoundland and Labrador Gazette. Anyone wishing to inspect a copy of Development Regulations Amendment No. 9, 2021 may do so by contacting the Paradise Town Hall, during normal hours of operation, at (709) 782-1400.

TOWN OF PARADISE Terrilynn Smith, Town Clerk Dec. 3 NOTICE OF REGISTRATION TOWN OF STEPHENVILLE CROSSING MUNICIPAL PLAN 2021 AND DEVELOPMENT REGULATIONS 2021 TAKE NOTICE that the TOWN OF STEPHENVILLE CROSSING MUNICIPAL PLAN 2021 AND DEVELOPMENT REGULATIONS 2021, adopted on the 8th day of July, 2021 and approved on the 31st day of August, 2021, have been registered by the Minister of Municipal and Provincial Affairs. The said MUNICIPAL PLAN 2021 AND DEVELOPMENT REGULATIONS 2021 come into effect on the day that this notice is published in The Newfoundland and Labrador Gazette.

Anyone who wishes to inspect a copy of the said documents may do so at the Town of Stephenville Crossing Council Office at 73 West Street, Stephenville Crossing, Newfoundland and Labrador, during normal working hours. TOWN OF STEPHENVILLE CROSSING Yvonne Young, Town Clerk-Manager Nov. 26 & Dec. 3 LANDS ACT NOTICE OF INTENT,

SECTION 7 LANDS ACT, SNL1991 c36 AS AMENDED NOTICE IS HEREBY given that an application has been made to the Department of Fisheries, Forestry and Agriculture Branch, to acquire title, pursuant to

section 7(2) (

d) of the said Act, to that piece of Crown lands situated within 15 metres of the waters of Fox Harbour, for the purpose of a boathouse. The application may intrude on the 15 metre shoreline of the above mentioned water body(

s) in various locations. For a detailed map, please see website: http://www.ma.gov.nl.ca/ lands/sec7notifications.html. Please note: It may take up to five (5) days from the date of application for details to appear on the website.

Any person wishing to object to the application must file the objection in writing with reasons, within 30 days from the publication of notice on the Department of Fisheries, Forestry and Agriculture website, Crown Lands, http:// www.ma.gov.nl.ca/lands/index.html, to the Minister of Department of Fisheries, Forestry and Agriculture by mail or email to the nearest Regional Lands Office: ● Eastern Regional Lands Office, P.O. Box 8700, Howley Building, Higgins Line, St. John’s, NL, A1B 4J6 Email: easternlandsoffice@gov.nl.ca THE NEWFOUNDLAND AND LABRADOR GAZETTE December 3, 2021 322

● Central Regional Lands Office, P.O. Box 2222, Gander, NL, A1V 2N9 Email: centrallandsoffice@gov.nl.ca ● Western Regional Lands Office, P.O. Box 2006, Sir Richard Squires Building, Corner Brook, NL, A2H 6J8 Email: westernregionlands@gov.nl.ca ● Labrador Regional Lands Office, P.O.

Box 3014, Station “B”, Happy Valley-Goose Bay, NL, A0P 1E0 Email: labradorlandsoffice@gov.nl.ca (DISCLAIMER: The Newfoundland and Labrador Gazette publishes a NOTICE OF INTENT as received from the Applicant and takes no responsibility for errors or omissions in the property being more particularly described.) Dec. 3 TRUSTEE ACT ESTATE NOTICE IN THE MATTER OF the Estate of DANIEL MARTIN HYNES, Fisherman, Late of the Community of St. Andrew’s, Province of Newfoundland and Labrador, Canada, Deceased.

ALL PERSONS claiming to be creditors of, or who have any claims or demands either as beneficiaries or next-of-kin (by blood, legal adoption or marriage), upon or affecting the Estate of DANIEL MARTIN HYNES, Fisherman, Deceased, are hereby requested to send particulars thereof in writing, duly attested, to the undersigned solicitors for the Executrix of the Estate of the said deceased on or before the 6th day of January, 2022, after which date the said Executrix will proceed to distribute the said Estate having regard only to the claims to which she shall then have had notice.

DATED at the Town of Channel-Port aux Basques, Province of Newfoundland and Labrador, this 1 st day of December, 2021. MARKS & PARSONS Solicitors for the Executrix PER: M. Beverly L. Marks, Q.C. ADDRESS FOR SERVICE: P.O. Box 640 174 Caribou Road Channel-Port aux Basques, NL A0M 1C0 Tel: (709) 695-7338/7341 Fax: (709) 695-3944 Dec. 3 THE NEWFOUNDLAND AND LABRADOR GAZETTE December 3, 2021 323

THE NEWFOUNDLAND AND LABRADOR GAZETTE

PART II SUBORDINATE LEGISLATION FILED UNDER THE STATUTES AND SUBORDINATE LEGISLATION ACT Vol. 96 ST. JOHN’S, FRIDAY , DECEMBER 3, 2021 No. 48 NEWFOUNDLAND AND LABRADOR REGULATIONS NLR 69/21 NLR 70/21 NLR 71/21

NEWFOUNDLAND AND LABRADOR REGULATION 69/21 Proclamation bringing Act into force (SNL2020 c24) under the

An Act to Amend the Credit Union Act, 2009 (O.C. 2021-242) (Filed December 1, 2021) ELIZABETH THE SECOND, by the Grace of God of the United Kingdom, Canada and Her Other Realms and Territories QUEEN, Head of the Commonwealth, Defender of the Faith. JOHN HOGAN, Q.C. Attorney General JUDY M. FOOTE Lieutenant Governor TO ALL TO WHOM THESE PRESENTS SHALL COME, GREETING; A PROCLAMATION

WHEREAS in and by

section 86 of

An Act to Amend the Credit Union Act, 2009, Statutes of Newfoundland and Labrador 2020,

Chapter 24 (the "Act") it is provided that the Act comes into force on a day to be proclaimed by the Lieutenant-Governor in Council; AND

WHEREAS it is deemed expedient that the Act shall now come into force; NOW KNOW YE, THAT WE , by and with the advice of Our Executive Council of Our Province of Newfoundland and Labra dor, do by this our Proclamation declare and direct that

An Act to Amend the Credit Union Act , 2009, Statutes of N ewfoundland and Labrador 2020,

Chapter 24 , shall come into force on the date of publication of this Proclamation in The Newfoundland and Labrador Gazette. 603 The Newfoundland and Labrador Gazette December 3, 2021

Proclamation bringing

an Act into force (SNL2020 c24) (In Force December 1, 2021) 69/21 OF ALL WHICH OUR LOVING SUBJECTS AND ALL OTHERS whom these Presents may concern are hereby required to t ake notice and to govern themselves accordingly. IN TESTIMONY WHEREOF WE have caused these Our Letter s to be made Patent and the Great Seal of Newfoundland and Labrador to be hereunto affixed. WITNESS: Our trusty a nd well -beloved the Honourable Judy M. Foote , Member of Our Privy Council of Canada, Chancellor of the Order of Newfoundland and Labrador, Lieutenant Governor in and for Our Province of Newfoundland and Labrador.

AT OUR GOVERNMENT HOUSE, in Our City of St . John's, this 17 th day of September in the year of Our Lord two thousand and twenty -one, in the seventieth year of Our Reign. BY COMMAND, TED LOMOND Registrar General 604 The Newfoundland and Labrador Gazette December 3, 2021

NEWFOUNDLAND AND LABRADOR REGULATION 70/21 Credit Union Regulations, 2009 (Amendment) under the Credit Union Act, 2009 (Filed December 1, 2021) Under the authority of

section 193 of the Credit Union Act, 2009, I make the following regulations. Dated at St. John’s, November 30, 2021. Sarah Stoodley Minister of Digital Government and Service Newfoundland and Labrador REGULATIONS Analysis 1. S.2 Amdt.

Definitions 2. S.3 R&S Business commencement requirements 3. S.6 Amdt. Authorized insurance plans 4. S.7 Amdt. Subsidiaries and associate companies 5. S.9.1 Added Other classes of shares 6. S.11.1 Added Form of records 7. S.12 Amdt. Unclaimed balances 8. S.13 R&S Deceased members and estate policy 9. S.14 Amdt. Loan policies 10. S.16 Amdt. Commercial lending 11. S.18 Amdt. Loan approvals 12. S.20 R&S 605 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 Other investments 13. S.21 Amdt. Allowance for doubtful loans 14. S.22 Amdt. Equity 15. S.24 Amdt. Matching 16. S.25 Amdt. Insurance 17. S. 28 Amdt. Audit committee 18. S.29.1 Added Annual return 19. S.30 Amdt. Audits, examinations, etc. 20. S.31 Amdt. Records removed 21. S.32 Amdt. No inspection 22. S.33 R&S By-laws 23. S.33.1 Added Disclosure of interest in material contract – credit union 24. S.39 Amdt. Levies by guarantee corporation 25. S.40 R&S Board of guarantee corporation 26. Ss. 40.1 to 40.3 Added 40.1 Disclosure of interest in material contract – guarantee corporation 40.2 Duty to notify superintendent 40.3 Records 1.

(1) Section 2 of the Credit Union Regulations, 2009 is amended by adding immediately after paragraph (

a) the following: (a.1) "board" means, unless the context indicates otherwise, the board of directors of the guarantee corporation;

(2) Paragraphs 2(

b) and (

c) of the regulations are repealed and the following substituted: (b) "commercial loan" means a loan made by a credit union to an individual, a partnership, a co-operative, a corporation or any other organized body where (

i) the loan will be used in, or in support of , the development, production, sale or offer of goods or services, and (ii) one or both of the following apply: (

A) the loan is secured b y the assets of the individual, partnership, co -operative, corpora tion or other organized body, and (

B) repayment of the loan is primarily dependent on the cash flow generated by the individual, partnership, co-operative, corporation or other organized body; NLR 56/09 as amended 606 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (c) "document" means a paper or electronic document required to be filed with the superintendent or guarantee corporation under the Act;

(3) Section 2 of the regulations is amended by adding immediately after paragraph (

c) the following: (c.1) "fair market value" means the amount that would be obtained in an arm's length transaction in the open market between reasonably prudent, informed and willing parties acting in good faith;

Section 3 of the regulations is repealed and the following substituted: 3. For the purpose of subsection 10(2) of the Act, the guarantee corporation shall not approve the commencement of business of a credit union unless that credit union provides proof satisfactory to the guarantee corporation of the following: (

a) a business plan that indicates tha t regulatory requirements with respect to liquidity and capital will be met and includes information regarding (

i) membership base, (ii) economic environment, (iii) 5 year financial plan, and (iv) marketing plan; (

b) paid up membership of a minimum of 500 members; (

c) a minimum initial deposit of $10 million; (

d) board and staff training; (

e) operating policies and procedures; (

f) premises satisfactory to the guarantee corporation; (

g) security equipment as required by an insurance provider approved by the guarantee corporation; Business commencement requirements 607 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

h) information technology systems and related policies; (

i) corporate governance policies; and (

j) other matters determined by the guarantee corporation.

Section 6 of the regulations is amended by adding immediately after paragraph (

i) the following: (i.1) critical illness insurance; 4. Paragraph 7(2)(

n) of the regulations is repealed and the following substituted: (

n) another corporation approved by the guarantee corporation. 5. The regulations are amended by adding immediately after

section 9 the following: 9.1

(1) Where the articles provide for the issuing of classes of shares in addition to member equity shares, the articles shall state (

a) the maximum number of shares in each class other than surplus shares that the credit union is entitled to issue; (

b) the total consideration to be paid for each class of shares other than surplus shares; and (

c) the rights, privileges, restrictions and conditions, including dividends, attaching to the shares of each class.

(2) The superintendent shall not approve a class of shares other than member equity shares or surplus shares if, in th e opinion of the superintendent, issuing those shares would (

a) not be consistent with the purpose o f a credit union generally; (

b) not be in the financial interest of the credit union; or (

c) increase the risk that the credit union would make a claim against the guarantee corporation. Other classes of shares 608 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21

(3) Member equity shares shall rank behind all other classes of shares issued by the credit union and holders of member equity shares shall not, upon the winding -up or liquidation of a credit union, be entitled to reconsider, in whole or in part, their member equity shares until the amounts outstanding on all other clas ses of shares have been paid in full. 6. The regulations are amended by adding immediately after

section 11 the following: 11.1

(1) All registers and records required under the Act to be prepared and maintained by a credit union shall in clude all the information required by the guarantee corporation and be kept in a form that allows them to be reproduced in intelligible written form within a reasonable period of time.

(2) A register or record referred to in subsection (1) may include electronic signatures. 7. (1) Subsections 12(6) and (7) of the regulations are repealed and the following substituted:

(6) Where no claims are made on an account within 10 years of the date the balance is transferred to the trust account established under subsection (1), the credit union shall remit the balance to the guarantee corporation for deposit into a trust account established for unclaimed balances.

(7) The guarantee corporation shall (

a) keep a separate accounting of the deposits referred to i n subsection (6); and (

b) maintain appropriate records regarding the deposits to facilitate payment to a person should a verifiable request be received by the guarantee corporation.

(2) Section 12 of the regulations is amended by adding immediately after subsection (7) the following:

(7.1) Where a person claiming to be entitled to money transferred to a trust account under subsection (6) provides evidence satisfactory to the guarantee corporation of the p erson's entitlement to money in the Form of records 609 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 trust account , the guarantee corporation shall pay the money to the person.

Section 13 of the regulations is repealed and the following substituted: 13. A policy relating to deceased members and their estates required to be established by a credit union under

section 37 of the Act shall (

a) include a requirement that a person claiming an entitlement to an amount of money held in a deceased member 's account provide (

i) a signed affidavit attesting to the person's en titlement to receive the amount, and (ii) other information and documentation as required by the guarantee corporation; (

b) provide that a credit union may refuse to transfer an amount held in a deceased member 's account to the person who is claiming to be entitle d until the person claiming entitlement to the money provides the information and documentation required by the credit union; and (

c) provide that where a credit union pays , in good faith, an amount of money held in a deceased member 's account to a person who claims entitlement to it, the payment discharges the credit union with respect to , and to the extent of , the amount paid but does not affect the rights of any other person claiming entitlement to the money to recover the amount from the person to whom it was paid. 9.

(1) Section 14 of the regulations is amended by renumbering subsection (1) as subsection (1.1) and adding immediately before that subsection the following: 14.

(1) The loan policies established by a credit union under se ction 38 of the Act shall prudently manage the lending risk inherent in the credit union operations and shall establish (

a) financial targets and limits that are within the credit union's board-approved risk tolerance; Deceased members and estate policy Loan policies 610 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

b) processes to identify, measure, monitor, control and report on all financial risks in an accurate and timely manner; and (

c) systems and controls to allow the board to monitor and ensure compliance with the Act, these regulations, credit union policies and any terms and conditions the guarantee corporation may impose. (2) Subsection 14(2) of the regulations is amended by deleting the reference "subsection (1)" wherever it appears and substituting the reference "subsection (1.1)". 10. Subsection 16(3) of the regulations is repealed and the following substituted:

(3) The guarantee corporation shall establish a limit on the amount of commercial loans that a credit union , approved under subsection (2), may grant to its members and have outstanding but the value of commercial loans grant ed and outstanding shall not exceed 25% of the total of the credit union 's loans portfolio unless approved by the guarantee corporation. 11.

(1) Section 18 of the regulations is amended by adding immediately after subsection (1) the following:

(1.1) A committee established under subsection (1) shall be comprised of not less than 3 persons who (

a) have the knowledge and experience necessary to approve loans; and (

b) are not directors or family members of directors of the credit union. (2) Subsection 18(2) of the regulations is repealed and the following substituted:

(2) The directors of a credit union shall be responsible for (

a) ensuring compliance with sections 14 to 17; and (

b) loan approval, where a committee has not been established. 611 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21

Section 20 of the regulations is repealed and the following substituted: 20.

(1) For the purpose of

section 41 of the Act, the directors of a credit union shall establish investment policies that (

a) permit investments in accordance wi th prudent investment standards; (

b) provide for the appropriate diversification of those investments; and (

c) include a description of the types of investments and other financial transactions that it authorizes and the limits applicable to them.

(2) For the purposes of subsection (1), prudent investment standards are those that a reasonable and prudent person would apply in respect of a portfolio of investments so as to avoid undue risk of loss and to obtain a reasonable return on investments made.

(3) A credit union shall only make investments in accordance with the investment policies established under subsection (1).

(4) The investment policies of a credit union established under subsection (1) are subject to the approval of the board and the board shall review the investment policies at least once each year. 13. (1) Paragraph 21(1)(

a) of the regulations is repealed and the following substituted: (

a) a loan to a member who has (

i) made an assignment into bankruptcy or has been petitioned into b ankruptcy under the Bankruptcy and Insolvency Act (Canada) and has not been discharged, or (ii) made a consumer proposal under the Bankruptcy and Insolvency Act (Canada) and the consumer proposal has not been fully performed; (2) Paragraph 21(1)(

d) of the regulations is repealed and the following substituted: Other investments 612 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

d) a loan to a commercial organization that has ceased operations or is in receivership or liquidation;

(3) Section 21 of the regulations is amended by adding immediately after subsection (2) the following:

(3) Where a loan or security is a part of a government loan program, a credit union shall comply with the appropriate International Financial Reporting Standards for reporting a delinquent loan in its allowance for doubtful loans. 14. Subsection 22(3) of the regulations is amended by deleting the word "superintendent" wherever it appears and substituting the words "guarantee corporation". 15. Paragraph 24(1)(

b) of the regulations is repealed and the following substituted: (

b) file a report with the guarantee corporation (

i) semi-annually, or (ii) more frequently if required by the guarantee corporation.

Section 25 of the regulations is amended by adding immediately after subsection (5) the following:

(6) A credit union shall, at le ast annually, complete a self - assessment to ensure adequate insurance coverage in all aspects of the credit union. 17.

(1) S ubsection 28 (1) of the regulations is repealed and the following substituted: 28.

(1) An audit committee established under

section 103 of the Act shall be composed of a chairperson and at least 2 other members of the credit union who are not employees or officers of the credit union.

(2) Section 28 of the regulations is amended by adding immediately after subsection (1) the following:

(1.1) The members of the audit committee referred to in subsection (1) shall Audit committee 613 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

a) be selected in the manner determined by the directors or established in the by-laws of the credit union; and (

b) serve for a term not to exceed 3 years. (3) Paragraph 28(2)(

a) of the regulations is repealed and the following substituted: (

a) review the annual audited financial statements of the credit union and its subsidiaries and make recommendations to the board as the audit committee considers appr opriate for the purpose of recommending to the directors that the audited financial statements be approved under

section 92 of the Act; (4) Paragraph 28(2)(

c) of the regulations is repealed. (5) Paragraph 28(2)(

d) of the regulations is repealed and the following substituted: (

d) meet with the auditor of the credit union before the commencement of the audit to review the scope of the audit; (6) Subsection 28(2) of the regu lations is amended by adding immediately after paragraph (

d) the following: (d.1) meet with the auditor of the credit union after the completion of the audit to discuss the audit findings, restrictions relating to the scope of the auditor's work and any problems the auditor may have experienced in performing the audit; (7) Paragraphs 28(2)(

f) to (

h) of the regulations are repealed and the following substituted: (

f) review management letters, recommendations and reports made by the auditor regarding the business or financial statements of the credit union and any response made by management to the recommendations, and make recommendations to the board regarding them; (

g) review the organization and assess the independence of the credit union's internal auditors, including the internal auditors' mandate and work plans and any problems that they 614 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 experience or issues they raise relating to the performance of audits; (

h) review the findings and recommendations of the internal auditors respecting the accounting practices and internal control practices and review the responses by the management of the credit union to any significant deficiencies; (8) Subsection 28(2) of the regulations is amended by adding immediately after paragraph (

h) the following: (h.1) review the effectiveness of the credit union's internal audit practices and make recommendations to the board to address any deficiencies; 18. The regulations are amended by adding immediately after

section 29 the following: 29.1 A credit union shall complete and file an annual return in accordance with

section 90 of th e Act within 4 months after the end of each fiscal year.

Section 30 of the regulations is amended by deleting the word "superintendent" wherever it appears and substituting the words "guarantee corporation".

Section 31 of the regulations is ame nded by deleting the word "superintendent" wherever it appears and substituting the words "guarantee corporation". 21. (1) Subsection 32(1) of the regulations is repealed and the following substituted: 32.

(1) The records and information s ubmitted or provided to the guarantee corporation or obtained under

section 30 are not open to inspection except by those persons who are authorized in writing by the guarantee corporation to inspect the records and information.

(2) Subsections 32( 2) to (4) of the regulations are amended by deleting the word "superintendent" wherever it appears and substituting the words "guarantee corporation". Annual return No inspection 615 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21

Section 33 of the regulations is repealed and the following substituted: 33.

(1) Subject to the a rticles of a credit union, the members of a credit union may at an annual general meeting or special meeting called for that purpose by special resolution of the members enact, amend or repeal by-laws in relation to those matters authorized or required by the Act to be dealt with in the by-laws of the credit union.

(2) A proposed by-law or an amendment or a repeal of a by -law may be sent to the guarantee corporation for approval before its adoption by the members of the credit union.

(3) Where a by -law, a n amendment or a repeal of a by -law is approved by the guarantee corporation before its adoption by the members of a credit union, (

a) the by- law, amendment or repeal of the by -law shall be adopted by the members of the credit union within 30 days after r eceipt of the approval of the guarantee corporation; and (

b) a certified copy of the adopted by -law or the amendment or repeal of the by -law shall be filed with the guarantee corporation within 30 days after its adoption by the members of the credit union or a later time that may be authorized by the guarantee corporation.

(4) Where a credit union fails to comply with subsection (3), the by-law, amendment or repeal is void.

(5) The by- laws of a credit union shall provide for a matter required by the Act and these regulations to be included in those by- laws and shall provide for (

a) the qualifications for, conditions of and method of applying for, refusing and terminating membership in a credit union; (

b) the location of meetings , quorum at meetings and the procedure at meetings including participating in meetings by means of the telephone or other telecommunication device that permits all persons participating in the meeting to hear each other and communicate with each other; By-laws 616 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

c) rights in relation to v oting including the right of members to vote by telephone, electronic means or other means of communication provided that the vot ing process maintains anonymity and the voting outcome is verifiable; (

d) the election, term of office, removal of and filling of vacancies among directors, committee members and officers, their powers, duties and remuneration, and the procedure and quorum at meetings of the directors; (

e) the number of shares a member shall hold if greater than the number of shares prescribed by these regulations; (

f) associate membership in the credit union; (

g) retention of membership in the credit union and all the rights and privileges of a member if the member of the credit union leaves the area in which the bond of the credit union authorizes the credit union to operate; (

h) joint memberships in a credit union that allows 2 or more persons to jointly hold a membership in a credit union but only entitles the joint membership to one vote; and (

i) other matters the Act requires be dealt with in the by-laws. 23. The regulations are amended by adding immediately after

section 33 the following: 33.1

(1) A director or an officer of a credit union shall disclose to the credit union, i n writing or by requesting to have it entered in the minutes of meetings of directors, the nature and extent of the director’s interest in a material contract or proposed material contract with a credit union.

(2) The disclosure required by subsection (1) shall be made, in the case of a director, (

a) at the meeting at which a proposed material contract is first considered; (

b) at the first meeting after the director becomes interested in the proposed material contract where the director was not Disclosure of interest in material contract – credit union 617 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 interested in the proposed material contract at the meeting at which the proposed material contract was first considered; (

c) at the first meeting after the director bec omes interested in the material contract where the director becomes interested after a material contract is made; or (

d) at the first meeting afte r the person becomes a director where a person who is interested in a material contract later becomes a director.

(3) The disclosure required by subsection (1) shall be made, in the case of an officer who is not a director, (

a) immediately after the officer becomes aware that the material contract or proposed material contract is to be considered or has been considered at a meeting of directors; (

b) immediately after the officer becomes interested in t he material contract where the officer becomes interested after a material contract is made; or (

c) immediately afte r a person becomes an officer where the person who is interested in a material contract later becomes an officer.

(4) Where a material con tract or proposed material contract is one that, in the ordinary course of the credit union’s business, would not require approval by the directors or members, a director or an officer shall, immediately after the director or officer becomes aware of the material contract or proposed material contract, disclose to the credit union, in writing or by requesting to have it entered in the minutes of meetings of directors, the nature and extent of the director’s or officer’s interest.

(5) A director referred to in subsection (1) shall not be counted in the quorum, shall not be present and shall not vote at a meeting on a resolution to approve the material contract.

(6) For the purposes of this section, general notice to the directors of a credit union by a dir ector or officer of the credit union declaring that the director or officer has a n interest in a material contract or proposed material contract and is to be regarded as having 618 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 an interest in the material contract or proposed m aterial contract is a sufficient declaration of interest. 24. Subsection 39(3) of the regulations is amended by by deleting the words "board of the guarantee corporation" and substituting the word "board".

Section 40 of the regulations is repealed and the following substituted: 40.

(1) For the purposes of

section 137 of the Act, the board of directors of the guarantee corporation shall consist of the following: (a) 5 members appointed by the minister from a list of nominees provided by credit unions; (

b) an employee of the Department of Digital Government and Service Newfoundland and Labrador; (

c) an employee of the Department of Finance; and (

d) one m ember appointed by the minister to represent the public interest.

(2) A member appointed un der paragraphs (1)(

a) or (

d) shall be appointed for a term of 3 years and may be reappointed for an additional consecutive 3 year term.

(3) Notwithstanding subsection (2), at least 3 of the members first appointed under paragraph (1)(

a) after this

section comes into force shall be appointed for a term of 2 years.

(4) A member appointed under paragraphs (1)(

a) or (

d) may be removed by the minister before the expiration of the member's term.

(5) In addition to the circumstances referred to in paragraph 140(

c) of the Act, a member of the board ceases to hold office where the minister removes the member from office following receipt of a written request from the board based on a board resolution signed by all members of the board who voted in favour of the resolution.

(6) The members appointed under subsection (1) shall elect a chairperson and a vice- chairperson from the members appointed under paragraph (1)(

a) and (d). Board of guarantee corporation 619 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21

(7) The chairperson may vote as a director at a meeting of the board of the guarantee corporation.

(8) Where the term of a member of the board expires, the member continues to be a member of the board until reappointed or replaced.

(9) The board shall appoint a chief executive officer to direct the operations of the guarantee corporation and who shall report to the chairperson of the board.

(10) The chief executive officer shall serve as secretary and treasurer of the board but is not a member of the board.

(11) The board shall (

a) appoint committees it considers necessary for the purpos es of the board; (

b) do all things necessary and fiscally prudent for the attainment of the purposes of the board; (

c) pay to members of the board remuneration that may be approved by the minister; (

d) pay to the members of the board all reasonable travelling, living and out of pocket expenses, including lost salary and obligatory loss of annual leave incurred in the course of their duties as members; (

e) determine the duties of the chief executive officer and employees of the guarantee corporation; and (

f) when developing its budget, consider the effect of expenditures on the capacity of the deposit guarantee fund to protect the deposits of members should there be a closure of one or more credit unions.

(12) On the coming into f orce of this

section and until the first board is appointed under this section, (

a) the board shall consist of the persons who were members of the board immediately before the coming into force of this

section with the exception of 620 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

i) the superintendent who shall cease to be a member on the coming into force of this section, and (ii) the assistant deputy minister who shall cease to be a member on the coming into force of this

section and shall be replaced by an employee of the Department of Digital Government and Service Newfoundland and Labrador; (

b) the chairperson shall be the person who was the vice chairperson immediately before the coming into force of this section; and (

c) the vice-chairperson shall be a member appointed by the members referred to paragraph (

a) after the coming into force of this section. 26. The regulations are amended by adding immediately after

section 40 the following: 40.1

(1) A director or an officer of the guarantee cor poration shall disclose to the guarantee corporation , in writing or by requesting to have it entered in the minutes of meetings of directors, the nature and extent of the director’s interest in a material contract or proposed material contract with the guarantee corporation.

(2) The disclosure required by subsection (1) shall be made, in the case of a director, (

a) at the meeting at which a proposed material contract is first considered; (

b) at the first meeting after the director becomes interested in the proposed material contract where the director was not interested in the proposed material contract at the meeting at which the proposed material contract was first considered; (

c) at the first meeting after the director bec omes interested in the materi al contract where the director becomes interested after a material contract is made; or (

d) at the first meeting afte r the person becomes a director where a person who is interested in a material contract later becomes a director. Disclosure of interest in material contract – guarantee corporation 621 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21

(3) The disclosure requ ired by subsection (1) shall be made, in the case of an officer who is not a director, (

a) immediately after the officer becomes aware that the material contract or proposed material contract is to be considered or has been considered at a meeting of directors; (

b) immediately after the officer becomes interested in the material contract where the officer becomes interested after a material contract is made; or (

c) immediately afte r a person becomes an officer where the person who is interested in a mat erial contract later becomes an officer.

(4) Where a material contract or proposed material contract is one that, in the ordinary course of the guarantee corporation's business, would not require approval by the directors, a director or an officer shall, immediately after the director or officer becomes aware of the material contract or proposed material contract, disclose to the guarantee corporation, in writing or by requesting to have it entered in the minutes of meetings of directors, the nature and ex tent of the director’s or officer’s interest.

(5) A director referred to in subsection (1) shall not be counted in the quorum, shall not be present and shall not vote at a meeting on a resolution to approve the material contract.

(6) For the purposes of this section, gener al notice to the directors of the guarantee corporation by a director or officer of the guarantee corporation declaring that the director or officer has a n interest in a material contract or proposed material contract and is to be regarded as having an interest in the material contract or proposed material contract is a sufficient declaration of interest. 40.2

(1) The guarantee corporation shall notify the superintendent of the following: (

a) an occurrence with a credit union that may weaken the credit union’s stability; (

b) an occurrence that may weaken the stability of the deposit guarantee fund; Duty to notify superintendent 622 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

c) issues of conflict of interest within a credit union or the guarantee corporation; (

d) an incident of fraudulent activity within a credit union or the guarantee corporation; (

e) any money levied and collected from a credit union for the purposes of

section 147, 148 and 154 of the Act; (

f) any money borrowed on the credit of the guarantee corporation or on bills of exchange or promissory notes drawn, made, accepted or endorsed by or on behalf of the guarantee corporation and pledged as security asse ts of the guarantee corporation; (

g) any agreements or arrangements entered into with a person relating to matters referred to in paragraph 136(

c) of the Act; (

h) any guarantee loans made by third parties to a credit union and security taken for those guarantees; (

i) any liabilities or assets assumed or purchased by the guarantee corporation on the liquidation or dissolution of a credit union; (

j) any terms, conditions, restrictions and limitations established by the guarantee corporation in relation to the lending activities of credit unions and the loan policies to be established by credit union; (

k) any assistance, including financial assistance m ade available to credit unions for the purpose of stabilization and the terms and conditions relating to that assistance; (

l) any assumption of the costs of the winding up of credit unions where the assets of a credit union were insufficient to cover the costs; (

m) any orders issued under

section 168 of the Act; (

n) any amounts paid in accordance with

section 34; (

o) any investments made in accordance with

section 35; 623 The Newfoundland and Labrador Gazette December 3, 2021

Credit Union Regulations, 2009 (Amendment) 70/21 (

p) any borrowings or activities in accordance with

section 36; (

q) any amounts paid in accordance with

section 37; (

r) any loans, advances, grants and guarantees made or interest charged in accordance with

section 38; and (

s) any late payments or interest levied in accordance with

section 39.

(2) Where the superintendent request s additional information from the guarantee corporation in relation to a matter referred to in subsection (1), t he guarantee corporation shall provide the additional information requested by the superintendent at a time d etermined by the superintendent. 40.3 The superintendent is not required to produce a document, other than a certificate and attached articles or statement filed under

section 186 of the Act , after 6 years have elapsed since the credit unio n was removed from the register. ©Queen's Printer Records 624 The Newfoundland and Labrador Gazette December 3, 2021

NEWFOUNDLAND AND LABRADOR REGULATION 71/21 Revenue Administration Regulations (Amendment) under the Revenue Administration Act (O.C. 2021-293) (Filed December 2, 2021) Under the authority of sections 111 and 113 of the Revenue Administration Act, the Lie utenant-Governor in Council makes the following regulations. Dated at St. John’s, November 25, 2021. Krista Quinlan Clerk of the Executive Council REGULATIONS Analysis 1. S.64.5 Amdt. Insurance exemptions 2. Commencement

Section 64.5 of t he Revenue Administration Regulations is amended by adding immediately after paragraph (

f) the following: (f.1) crop insurance provided under the Crop Insurance Act; NLR 73/11 as amended 625 The Newfoundland and Labrador Gazette December 3, 2021

Revenue Administration Regulations (Amendment) 71/21 (f.2) livestock insurance provided under the Livestock Insurance Act; 2. These regulations are considered to have come into force on July 1, 2016. ©Queen's Printer Commencement 626 The Newfoundland and Labrador Gazette December 3, 2021

THE NEWFOUNDLAND AND LABRADOR GAZETTE December 3, 2021 627 Index

PART I Lands Act – Notice ........................................................................................................................................................................322 Law Society Act, 1999 – Notice ....................................................................................................................................................321 Trustee Act – Notice ...................................................................................................................................................................... 323 Urban and Rural Planning Act, 2000 – Notices ............................................................................................................................322

PART II CONTINUING INDEX OF SUBORDINATE LEGISLATION Title of Act and Subordinate Legislation made thereunder CNLR or NL Reg. Amendment NL Gazette Date & Page No.

An Act to Amend the Credit Union Act, 2009 Proclamation bringing Act into force NLR 69/21 New Extraordinary Gazette Dec. 1, 2021 Dec 3/21 p. 603 Credit Union Act, 2009 Credit Union Regulations, 2009 (Amendment) NLR 70/21 Amends NLR 56/09 S.2 Amdt. S.3 R&S S.6 Amdt. S.7 Amdt. S.9.1 Added S.11.1 Added S.12 Amdt. S.13 R&S S.14 Amdt. S.16 Amdt. S.18 Amdt. S.20 R&S S.21 Amdt. S.22 Amdt. S.24 Amdt. S.25 Amdt. S.28 Amdt. S.29.1 Added S.30 Amdt. S.31 Amdt. S.32 Amdt. S.33 R&S S.33.1 Added S.39 Amdt. S.40 R&S S.40.1 Added S.40.2 Added S.40.3 Added Extraordinary Gazette Dec. 1, 2021 Dec 3/21 p. 605

Continued.. Title of Act and Subordinate Legislation made thereunder CNLR or NL Reg. Amendment NL Gazette Date & Page No. Revenue Administration Act Revenue Administration Regulations (Amendment) NLR 71/21 Amends NLR 73/11 S.64.5 Amdt. Dec 3/21 p. 625 628

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