Canada Deposit Insurance Corporation Act

Marginal note:Order to exempt or adapt

• 39.131 (1) The Governor in Council may, by order,

  • (a) exempt a federal member institution in respect of which an order directing the incorporation of a bridge institution is made, a bridge institution or a subsidiary of any of those institutions from the application of any provision of this Act or the regulations or of the following Acts or regulations made under them:

    • (i) the Bank Act,

    • (ii) the Canadian Payments Act,

    • (iii) the Cooperative Credit Associations Act,

    • (iv) the Financial Consumer Agency of Canada Act,

    • (v) the Insurance Companies Act,

    • (vi) the Office of the Superintendent of Financial Institutions Act,

    • (vii) the Trust and Loan Companies Act, and

    • (viii) the Winding-up and Restructuring Act; or

  • (b) provide that any provision of this Act or the regulations or of the Acts referred to in paragraph (a) or regulations made under them applies to a federal member institution in respect of which an order directing the incorporation of a bridge institution is made, a bridge institution or a subsidiary of any of those institutions only in the manner and to the extent provided for in the order and adapt that provision for the purpose of that application.

• Marginal note:Scope or conditions

  (2) The exemption may be limited in scope or duration or made subject to conditions.