Shared Premises Regulations (Banks) (SOR/2002-339)
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Regulations are current to 2024-10-30 and last amended on 2008-03-06. Previous Versions
Shared Premises Regulations (Banks)
SOR/2002-339
Registration 2002-09-24
Shared Premises Regulations (Banks)
P.C. 2002-1563 2002-09-24
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraph 413.3(4)(a)Footnote a of the Bank ActFootnote b, hereby makes the annexed Shared Premises Regulations (Banks).
Return to footnote aS.C. 2001, c. 9, s. 104
Return to footnote bS.C. 1991, c. 46
Definition of member institution
1 (1) In this section, member institution has the same meaning as in section 2 of the Canada Deposit Insurance Corporation Act.
Marginal note:Shared premises
(2) A bank to which paragraph 413(1)(b) or (c) of the Bank Act applies may carry on business in Canada on premises that are shared with those of a member institution that is affiliated with the bank if, on those premises, whenever a request is made in person to open a deposit account with the bank, the bank opens the account at a work space that is separate and distinct from every work space at which the member institution carries on business.
- SOR/2008-63, s. 1
Coming into Force
Marginal note:Coming into force
2 These Regulations come into force on the day on which they are registered.
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