For the purposes of paragraph 110(1)(c) of the Act, the provisions of the Act to which Part 2 - 6 of the Act applies, apply in relation to an unlicensed carried over instrument lender as if the provisions were modified as set out in Schedule 2.
Note: Unlicensed carried over instrument lender is defined in modified subsection 5(1) of the Act as mentioned in item 2.4 of Schedule 2.