Yes. The prohibition will be applicable only when the Governor in Council approves an OIC to bring it into force. What this provision does is essentially grandfather—
On May 5th, 2022. See this statement in context.
On May 5th, 2022. See this statement in context.
Director General, Financial Stability and Capital Markets Division, Financial Sector Policy Branch, Department of Finance
Yes. The prohibition will be applicable only when the Governor in Council approves an OIC to bring it into force. What this provision does is essentially grandfather—
See context to find out what was said next.