Minority Investment (Bank Holding Companies) Regulations

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Loi

Act means the Bank Act. (Loi) (Loi)

designated entity

entité désignée

designated entity means

• (a) an entity referred to in any of paragraphs 930(1)(a) to (j) of the Act;

• (b) an entity whose business includes one or more of the activities referred to in paragraph 930(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or

• (c) an entity whose business includes an activity referred to in paragraph 930(2)(b) of the Act, including a specialized financing entity, other than an entity in which a bank holding company is permitted to acquire or increase a substantial investment under subparagraph 930(4)(d)(iii) of the Act. (entité désignée)

regulatory capital

capital réglementaire

regulatory capital has the same meaning as in section 2 of the Regulatory Capital (Bank Holding Companies) Regulations. (capital réglementaire) (capital réglementaire)

value

valeur

value means

• (a) in respect of a share, ownership interest or loan held by a bank holding company at a particular time, the book value of the share, ownership interest or loan that would be reported on the balance sheet of the bank holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 840(4) of the Act; and

• (b) in respect of a guarantee, the face value of the guarantee. (valeur) (valeur)