Prescribed Deposits (Banks without Deposit Insurance) Regulations

1 The definitions in this section apply in these Regulations.

Act

Act means the Bank Act. (Loi)

deposit

deposit has the meaning that would be given to it by the schedule to the Canada Deposit Insurance Corporation Act for the purposes of deposit insurance if that schedule were read without reference to subsections 2(2), (5) and (6) of that schedule. (dépôt)

first deposit transaction

first deposit transaction means the first deposit transaction, in relation to a prescribed deposit referred to in section 2, between a person and a bank referred to in paragraph 413(1)(b) or (c) of the Act. (première opération de dépôt)