137(1)No mutual fund in New Brunswick shall knowingly make an investment by way of loan to
(a)
any officer or director of the mutual fund, its mutual fund manager or its distribution company or an associate of any of them, or
(b)
any individual, if the individual or an associate of the individual is a substantial security holder of the mutual fund, its mutual fund manager or its distribution company.
137(2)No mutual fund in New Brunswick shall knowingly make an investment
(a)
in any person who is a substantial security holder of the mutual fund, its mutual fund manager or its distribution company,
(b)
in any person in whom the mutual fund, alone or together with one or more related mutual funds, is a substantial security holder, or
(c)
in an issuer in which
(i)
any officer or director of the mutual fund, its mutual fund manager or its distribution company or an associate of any of them has a significant interest, or
(ii)
any person who is a substantial security holder of the mutual fund, its mutual fund manager or its distribution company has a significant interest.