Are there any rules, because, for example, clause 322 adds section 522.081 to the Bank Act to allow the Governor in Council to make regulations indicating when a foreign bank, or entity associated with a foreign bank, can acquire or hold control of, or acquire or hold a substantial investment in a Canadian entity that engages in financial services activities.
Is this a way to circumvent the Investment Canada Act where there are certain provisions that relate to foreign entities purchasing Canadian companies?