New Regulations For Principal Protected Notes Proposed By The Canadian Government
Mondaq Business Briefing › Canada Law Articles in English (2007)
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New Regulations For Principal Protected Notes Proposed By The Canadian Government
As promised in the federal government's most recent budget, in response to the explosive growth in the retail market for principal protected notes (PPNs), the Department of Finance recently published for comment new regulations that will apply to all federally regulated financial institutions (FRFI). The Principal Protected Notes Regulations are expected to come into force on April 1, 2008 and will apply to all PPNs issued by FRFIs. The 30-day comment pe...
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