R.R.O. 1990, Reg. 266: GENERAL, Deposits Regulation Act, R.S.O. 1990, c. D.8
Deposits Regulation Act
Loi sur les dépôts d’argent
REGULATION 266
No Amendments
GENERAL
Note: This Regulation became spent some time before January 1, 2004.
This Regulation is made in English only.
1. Any proposed advertisement submitted for certification under subsection 4 (1) of the Act shall be submitted in duplicate and the applicant shall furnish such information as the Commission requires. R.R.O. 1990, Reg. 266, s. 1.
2. Upon being satisfied that the proposed advertisement complies with the provisions of the Act and the regulations, the Commission shall direct the Registrar of the Commission to issue a certificate. R.R.O. 1990, Reg. 266, s. 2.
3. Every person or corporation accepting or receiving deposits from members of the public shall maintain in Ontario a separate record for each depositor on a daily basis showing all the transactions completed and shall, in addition, maintain a control account on a daily basis reflecting such transactions and shall keep the supporting documents to such accounts, all in accordance with generally accepted accounting principles. R.R.O. 1990, Reg. 266, s. 3.
4. Every person or corporation accepting or receiving deposits from members of the public shall maintain a daily detailed record of the assets segregated as required by subsection 5 (1) of the Act showing the cash on hand or deposited in any bank to which the Bank Act (Canada) applies and showing the principal amount, the acquisition date, the maturity date and the description of every short term security held. R.R.O. 1990, Reg. 266, s. 4.
5. (1) The return required to be furnished by subsection 5 (3) of the Act shall be in Form 1 and the person or corporation making the return shall furnish the Commission with such additional financial statements as the Commission requires. R.R.O. 1990, Reg. 266, s. 5 (1).
(2) The return and additional financial statements shall speak as of the first day of the month preceding each month referred to in subsection 5 (3) of the Act and each shall be certified correct by an officer or auditor of the person or company making the return. R.R.O. 1990, Reg. 266, s. 5 (2).
6. The fees that shall be paid to the Commission are as follows:
1. |
Upon the submission of an advertisement under subsection 4 (1) of the Act, |
|
i. for the first proposed advertisement |
$50.00 | |
ii. for each additional proposed advertisement thereafter |
10.00 | |
2. |
Upon furnishing each return under subsection 5 (3) of the Act |
|
3. |
For an inspection by a duly authorized representative of the Commission under subsection 5 (4) of the Act, the rate per day per representative shall be $25. |
R.R.O. 1990, Reg. 266, s. 6.
FORM 1
Deposits Regulation Act
PARTICULARS OF THE SECURITY FOR DEPOSITS ACCEPTED OR RECEIVED BY A PERSON OR CORPORATION
R.R.O. 1990, Reg. 266, Form 1.
