B.C. Reg. 566/2004, deposited December 13, 2004, pursuant to the FINANCIAL INSTITUTIONS ACT [Section 289]. Order in Council 1227/2004, approved and ordered December 11, 2004.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that effective December 31, 2004, the following regulation is made:

CONTRAVENTION OF PRESCRIBED PROVISIONS REGULATION

Definition

1 In this regulation, "Act" means the Financial Institutions Act.

Insurance Council authority to suspend,
cancel, restrict licences and impose fines

2 For the purpose of section 231 (1) (e.1) of the Act, sections 2, 3 and 4 of the Marketing of Financial Products Regulation are prescribed provisions of the regulations.

— G. M. COLLINS, Minister of Finance; S. BOND, Presiding Member of the Executive Council.

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