Interpretation

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Loi

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

exemption order

arrêté d’exemption

exemption order has the same meaning as in subsection 507(1) of the Act. (arrêté d’exemption) (arrêté d’exemption)

Prescribed Entities

Marginal note:Prescribed entities

2 For the purpose of paragraph 983(4)(a) of the Act, the following entities are prescribed:

• (a) an entity in which a bank has a substantial investment;

• (b) a financial institution;

• (c) an authorized foreign bank;

• (d) any other foreign bank that is not the subject of an exemption order;

• (e) an entity that is affiliated with a bank or a bank holding company;

• (f) an entity in which a bank holding company has a substantial investment;

• (g) an entity that is associated with a foreign bank, within the meaning of section 507 of the Act, if the foreign bank is not the subject of an exemption order;

• (h) an entity in which a foreign bank that is not the subject of an exemption order has a substantial investment;

• (i) an entity in which another entity has a substantial investment, if the other entity is associated with a foreign bank, within the meaning of section 507 of the Act, and the foreign bank is not the subject of an exemption order;

• (j) an entity that has a substantial investment in a bank or a bank holding company; and

• (k) an entity that is affiliated with an entity that has a substantial investment in a bank or a bank holding company.

Coming into Force

Marginal note:Coming into force

Footnote ^*3 These Regulations come into force on the day on which subsection 983(2) of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

• Return to footnote ^*[Note: Regulations in force October 24, 2001, see SI/2001-102.]