Saskatchewan Financial Services Commission Designation Regulations, S-17.2 Reg 2
These regulations define “Act” and “payday lender,” designate payday lending as a financial service, designate The Payday Loans Act as financial services legislation, and set the coming-into-force rule.
1 SASKATCHEWAN FINANCIAL SERVICES COMMISSION DESIGNATION S-17.2 REG 2 The Saskatchewan Financial Services Commission Designation Regulations being Chapter S-17.2 Reg 2 (effective January 1, 2012). NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2 SASKATCHEWAN FINANCIAL S-17.2 REG 2 SERVICES COMMISSION DESIGNATION Table of Contents 1 Title 2 Interpretation 3 Designated financial services 4 Designated financial services legislation 5 Coming into force 3 SASKATCHEWAN FINANCIAL SERVICES COMMISSION DESIGNATION S-17.2 REG 2 CHAPTER S-17.2 REG 2 The Saskatchewan Financial Services Commission Act Title 1 These regulations may be cited as The Saskatchewan Financial Services Commission Designation Regulations. Interpretation 2 In these regulations: (a) “Act” means The Saskatchewan Financial Services Commission Act; (b) “payday lender” means a payday lender as defined in The Payday Loans Act. 11 Jne 2010 cS-17.1 Reg 2 s2. Designated financial services 3 For the purposes of subclause 2(c)(ix) of the Act, carrying on business as a payday lender is an activity designated as a financial service. 11 Jne 2010 cS-17.1 Reg 2 s3. Designated financial services legislation 4 For the purposes of subclause 2(d)(x) of the Act, The Payday Loans Act is designated as financial services legislation. 11 Jne 2010 cS-17.1 Reg 2 s4. Coming into force 5(1) Subject to subsection (2), these regulations come into force on the day on which section 5 of The Payday Loans Act comes into force. (2) If these regulations are filed with the Registrar of Regulations after the day on which section 5 of The Payday Loans Act comes into force, these regulations come into force on the day on which they are filed with the Registrar of Regulations. 11 Jne 2010 cS-17.1 Reg 2 s5. 4 SASKATCHEWAN FINANCIAL S-17.2 REG 2 SERVICES COMMISSION DESIGNATION REGINA, SASKATCHEWAN Printed by the authority of THE QUEEN’S PRINTER Copyright©2010