Canada Deposit Insurance Corporation Act

Marginal note:Definitions

2 In this Act,

affairs

affaires internes

affairs, with respect to a member institution, means its business and the relationships among the member institution and its affiliates and the shareholders, directors and officers of the member institution and its affiliates; (affaires internes)

affiliate

groupe

affiliate, in respect of a member institution that is

• (a) a bank, means an entity that is affiliated with the bank within the meaning of the Bank Act, or

• (b) other than a bank, means an entity that would be affiliated with the member institution within the meaning of the Bank Act if the member institution were a bank to which that Act applies; (groupe)

appropriate provincial minister

ministre provincial compétent

appropriate provincial minister, in relation to a provincial institution, means the minister of the Crown of the province of incorporation of the institution responsible for the supervision of the provincial institution; (ministre provincial compétent)

bank

banque

bank means a bank listed in Schedule I or II to the Bank Act; (banque)

Board

conseil

Board means the Board of Directors of the Corporation; (conseil)

bridge institution

institution-relais

bridge institution means a federal institution that is designated as a bridge institution by an order made under paragraph 39.13(1)(c); (institution-relais)

by-laws

règlements administratifs

by-laws means the by-laws of the Corporation; (règlements administratifs)

Chairman

Chairman[Repealed, 1996, c. 6, s. 21]

Chairperson

président

Chairperson means the Chairperson of the Board; (président)

Corporation

Société

Corporation means the Canada Deposit Insurance Corporation established by section 3; (Société)

deposit and depositor

dépôt et déposant

deposit and depositor mean respectively a deposit and a depositor as defined in the schedule; (dépôt et déposant)

deposit insurance

assurance-dépôts

deposit insurance means the insurance referred to in paragraph 7(a); (assurance-dépôts)

federal credit union

coopérative de crédit fédérale

federal credit union has the same meaning as in section 2 of the Bank Act; (coopérative de crédit fédérale)

federal institution

institution fédérale

federal institution means a bank, company or association referred to in section 8; (institution fédérale)

federal member institution

institution fédérale membre

federal member institution means a federal institution that is a member institution; (institution fédérale membre)

local cooperative credit society

société coopérative de crédit locale

local cooperative credit society has the same meaning as in section 2 of the Bank Act; (société coopérative de crédit locale)

member institution

institution membre

member institution means a corporation that has deposit insurance under this Act; (institution membre)

Minister

ministre

Minister means the Minister of Finance; (ministre)

policy of deposit insurance or policy

police d’assurance-dépôts ou police

policy of deposit insurance or policy means the instrument evidencing the deposit insurance of a member institution; (police d’assurance-dépôts ou police)

premium year

exercice comptable des primes

premium year means, in relation to the calculation and payment of premiums pursuant to this Act, the period beginning on May 1 in one year and ending on April 30 in the next year; (exercice comptable des primes)

provincial institution

institution provinciale

provincial institution means a company referred to in section 9; (institution provinciale)

provincial member institution

institution provinciale membre

provincial member institution means a provincial institution that is a member institution; (institution provinciale membre)

provincial supervisor

contrôleur provincial

provincial supervisor, in relation to a provincial institution, means the official of the province of incorporation of the provincial institution who supervises the affairs of the provincial institution; (contrôleur provincial)

receiver

séquestre

receiver includes a receiver-manager and a sequestrator; (séquestre)

representation

déclaration

representation means any oral or written statement and includes any advertisement and any mark, sign, trade name or other device; (déclaration)

returned payment

paiement retourné

returned payment means any portion of a payment made by the Corporation under subsection 14(2) or (2.1) that is either returned to the Corporation or that otherwise remains under its control; (paiement retourné)

share

action

share includes

• (a) a conversion or exchange privilege, issued by a member institution, that is convertible at any time into a share,

• (b) an option or a right, issued by a member institution, to acquire a share or a privilege referred to in paragraph (a), and

• (c) a membership share within the meaning of section 2 of the Bank Act; (action)

shareholder

actionnaire

shareholder includes the holder of a membership share of a federal credit union; (actionnaire)

subordinated debt

dette subordonnée

subordinated debt means debt of a member institution that, by the terms of any instrument evidencing the debt, will, in the event of the insolvency or winding-up of the member institution, be subordinate in right of payment to all deposit liabilities of the member institution and all other liabilities of the member institution except those that, by their terms, rank equally with or are subordinate to that debt and includes

• (a) a conversion or exchange privilege that is convertible at any time into subordinated debt, and

• (b) an option or a right to acquire subordinated debt or a privilege referred to in paragraph (a)

issued by a member institution; (dette subordonnée)

Superintendent

surintendant

Superintendent means the Superintendent of Financial Institutions appointed pursuant to subsection 5(1) of the Office of the Superintendent of Financial Institutions Act. (surintendant)