Copyright © Queen's Printer,

Victoria, British Columbia, Canada

Licence

Disclaimer

Volume 55, No. 15

213/2012

The British Columbia Gazette,

Part II

July 31, 2012

B.C. Reg. 213/2012 , deposited July 19, 2012, pursuant to the FINANCIAL INSTITUTIONS ACT [section 289 (3) (d)] and the CREDIT UNION INCORPORATION ACT [section 108 (2) (f)]. Order in Council 544/2012, approved and ordered July 18, 2012.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective November 1, 2012, the Financial Institutions Fees Regulation, B.C. Reg. 312/90, is amended as set out in the Schedule.

— K. FALCON, Minister of Finance and Deputy Premier ; S. CADIEUX, Presiding Member of the Executive Council .

Schedule

Section 3 of the Financial Institutions Fees Regulation, B.C. Reg. 312/90, is repealed and the following substituted:

Fees payable to the registrar under the Credit Union Incorporation Act

(1) Subject to subsection (2), there must be paid to the registrar in respect of a matter as it applies to a credit union the same fee as is payable under the Business Corporations Act in respect of that matter as it applies to a company.

(2) A fee of $35 must be paid to the registrar for filing an annual report with the registrar under the Credit Union Incorporation Act .

(3) If

(

a) under the Credit Union Incorporation Act a record may or must be filed with the registrar, and

(

b) no fee is payable under subsection (1) or (2) for that filing,

a fee of $20 must be paid to the registrar for that filing.

2 Items 1, 2, 5, 6, 7, 14, 15 and 17 of

Schedule 1 are repealed and the following substituted:

Item

Column 1

Column 2

For processing an application for consent to an incorporation of

(

a) a credit union under

section 11 of the Credit Union Incorporation Act , or

(

b) a trust company or insurance company under

section 13 of the Financial Institutions Act

$5 000

For processing an application for consent to a continuation under

section 18 of the Financial Institutions Act

$5 000

For processing an application for consent to an amalgamation under

section 20 of the Financial Institutions Act

$5 000

For processing an application for consent under

section 21 of the Financial Institutions Act to an arrangement described in

section 21 (1) of that Act, to an acquisition described in

section 21 (2) of that Act or to a reinsurance described in

section 21 (3) of that Act

$5 000

For processing an application for consent to a conversion, under

section 16 of the Financial Institutions Act , of a special Act insurance company into a company for the purpose of carrying on insurance business

$500

For processing an application for an approval, consent or order under

section 15, 33, 76 (3), 99 (3), 142 (2) or 226 (3) of the Financial Institutions Act or

section 14 (2), 39.71, 40 (2), 44 (8), 74 (2) or 76 (9) of the Credit Union Incorporation Act , other than for processing an application in relation to a pre-existing trust company or pre-existing insurance company for consent to an alteration of its memorandum or articles for the purposes of Division 1 of

Part 14 of the Business Corporations Act

$100

For processing an application for an approval, consent or order under

section 19 (1) (b), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (

c) of the Financial Institutions Act or

section 64 (8), 65 (4), 69 (2) or 92 (3) of the Credit Union Incorporation Act , in a case where no application for an advanced ruling is received

$500

For processing an application for an approval, consent or order under

section 19 (1) (b), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (

c) of the Financial Institutions Act or

section 64 (8), 65 (4), 69 (2) or 92 (3) of the Credit Union Incorporation Act , in a case where there has been an advanced ruling on the application

$100

Schedule 2 is repealed.

Copyright © 2012: Queen's Printer, Victoria, British Columbia, Canada