The Lieutenant Governor in Council makes the Provincial Companies Amendment Regulation set out in the attached Appendix.
PROVINCIAL COMPANIES AMENDMENT REGULATION
1 The Provincial Companies Regulation (AR 124/2001) is amended by this Regulation.
2 Part 1 is amended
(a) in the heading by adding “Security Interests and” before “Debt Obligations”;
(b) by adding the following before section 1.01:
Prescribed matters under section 113 of the Act
1.001 For the purposes of section 113(2)(c) of the Act, the prescribed amount is the amount that is equal to 2% of the total assets of the provincial company.