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O. Reg. 422/04: The OPA
filed December 20, 2004 under Electricity Act, 1998, S.O. 1998, c. 15, Sched. A
Skip to contentontario regulation 422/04
made under the
Electricity Act, 1998
Made: December 15, 2004
Filed: December 20, 2004
Printed in The Ontario Gazette: January 8, 2005
The OPA
Board of Directors
Prohibited class
1. A person who has a material interest in a market participant is a member of a class who may not hold office as a director of the OPA.
Application of the Business Corporations Act and the Corporations Act
Business Corporations Act
2. (1) The following provisions of the Business Corporations Act apply, with necessary modifications, to the OPA:
1. Subsection 21 (2).
2. Subsections 132 (1) to (7).
3. Section 136.
(2) For the purposes of subsection (1), a reference in the Business Corporations Act to an officer of a corporation shall be deemed to include a member of a panel established by the OPA.
Corporations Act
3. The following provisions of the Corporations Act apply, with necessary modifications, to the OPA:
1. Subsections 59 (1) and (2) and sections 60 and 61.
2. Section 96.
3. Section 122.
4. Section 132.
5. Sections 273 and 275.
6. Subsections 286 (4) and (5) and section 292.
7. Subsection 298 (4) and sections 299 to 305.
Commencement
4. This Regulation comes into force on the later of the day subsection 53 (7) of Schedule A to the Electricity Restructuring Act, 2004 is proclaimed in force and the day it is filed.