Division 10 permits public sector investment pools, such as public pension funds and sovereign wealth funds, to invest in federally regulated financial institutions. All acquisition of shares in this category of investor are subject to approval by the Minister of Finance. Public sector investment pools will have to satisfy certain criteria designed to capture investors that have commercial objectives.
Permitting investments by these investment pools allows Canadian financial institutions to access new sources of stable long-term investment and to level the playing field with foreign financial institutions when raising capital.
The amendments are provided for the Trust and Loan Companies Act, the Bank Act, and the Insurance Companies Act. They're all in here.