Bank Act

Marginal note:Schedule III authorized foreign banks

• 14.1 (1) There shall be set out in Schedule III

  • (a) the name of every authorized foreign bank and, where applicable, any other name under which it is permitted to carry on business in Canada;

  • (b) the place in Canada where the principal office of the authorized foreign bank is situated; and

  • (c) whether the authorized foreign bank is subject to the restrictions and requirements referred to in subsection 524(2).

• Marginal note:Amending Schedule III

  (2) Schedule III shall be amended accordingly where

  • (a) an order made under subsection 524(1) is revoked;

  • (b) any of the information referred to in paragraph (1)(a) or (b) changes; or

  • (c) the restrictions and requirements referred to in subsection 524(2) to which an authorized foreign bank is subject are added or removed.

• Marginal note:Notice of amendments

  (3) Where in any year Schedule III is amended, the Superintendent shall, within sixty days after the end of the year, cause a notice to be published in the Canada Gazette showing Schedule III in its complete amended form as at the end of the year.