Additional operation

Subdivision 230-J extends the operation of TOFA to arrangements that would not otherwise satisfy the definition of a financial arrangement.

Section 230-530 deems the following to be financial arrangements:

  • foreign currency
  • legal form shares that are not equity interests in a company (non-equity shares)
  • in certain circumstances, commodities and offsetting commodity contracts held by traders.

See also:

    Last modified: 10 Jun 2016QC 27222