Acts and Regulations

C-28.3 - Cost of Credit Disclosure and Payday Loans Act

Full text
Rules
2008, c.3, s.1; 2014, c.31, s.1
37.467(1)The Commission may make a rule in respect of any matter in respect of which the Lieutenant-Governor in Council has authority to make a regulation under paragraphs 62(1)(aa.1) to (aa.25) and (aa.26) to (aa.5), and subsections 62(2) and (3) apply, with the necessary modifications, as though the rule were a regulation.
37.467(2)The Lieutenant-Governor in Council may make regulations
(a) establishing the practices and procedures that are to be followed by the Commission in making or amending rules;
(b) providing for the form and content of a notice of a rule to be published in The Royal Gazette under paragraph 37.468(1)(b);
(c) governing the commencement of rules made by the Commission and establishing the period during which rules made by the Commission are effective.
37.467(3)The Lieutenant-Governor in Council may, by order, amend or repeal a rule made by the Commission.
37.467(4)Subject to the approval of the Minister, the Commission, concurrently with making a rule, may make a regulation that amends or repeals a provision of a regulation made by the Lieutenant-Governor in Council under this Act or by the Commission under this subsection that in the opinion of the Commission is necessary or advisable to effectively implement the rule.
37.467(5)A regulation made under subsection (4) is not effective before the rule referred to in that subsection comes into force.
37.467(6)Subject to subsection (5), a regulation made under subsection (4) may be retroactive in its operation.
37.467(7)The Regulations Act does not apply to the rules.
37.467(8)If there is a conflict or an inconsistency between a regulation made by the Lieutenant-Governor in Council under this Act and a rule made under this Act, the regulation prevails but in all other respects a rule has the same force and effect as a regulation.
2008, c.3, s.1; 2014, c.31, s.1; 2016, c.40, s.2