Entity Member of Group Regulations (SOR/2002-132)

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Regulations are current to 2024-11-26

Entity Member of Group Regulations

SOR/2002-132

Registration 2002-03-21

Entity Member of Group Regulations

P.C. 2002-401 2002-03-21

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978Footnote ^a of the Bank ActFootnote ^b, 1021Footnote ^c of the Insurance Companies ActFootnote ^d and 531Footnote ^e of the Trust and Loan Companies ActFootnote ^f, hereby makes the annexed Entity Member of Group Regulations.

Marginal note:Entity member of bank’s group (Entité membre du groupe d’une banque)

1 For the purpose of paragraph 464(2)(d) of the Bank Act, the following entities are members of a bank’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Marginal note:Entity member of bank holding company’s group (Entité membre du groupe d’une société de portefeuille bancaire)

2 For the purpose of paragraph 925(2)(d) of the Bank Act, the following entities are members of a bank holding company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank holding company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Marginal note:Entity member of insurance company’s group (Entité membre du groupe d’une société d’assurances)

3 For the purpose of paragraph 490(2)(d) of the Insurance Companies Act, the following entities are members of a company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Marginal note:Entity member of insurance holding company’s group (Entité membre du groupe d’une société de portefeuille d’assurances)

4 For the purpose of paragraph 966(2)(d) of the Insurance Companies Act, the following entities are members of an insurance holding company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the insurance holding company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Marginal note:Entity member of trust and loan company’s group (Entité membre du groupe d’une société de fidicie et de prêt)

5 For the purpose of paragraph 449(2)(d) of the Trust and Loan Companies Act, the following entities are members of a company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Marginal note:Coming into force (Entrée en vigueur)

6 These Regulations come into force on the day on which they are registered.