Canada Deposit Insurance Corporation Data and System Requirements By-law

Marginal note:Definitions

• 1 (1) The following definitions apply in this By-law.

  Act

  Act means the Canada Deposit Insurance Corporation Act. (Loi)

  business day

  business day, in respect of a member institution, means a weekday that is not a holiday at the location of its head office. (jour ouvrable)

  Data Requirements

  Data Requirements[Repealed, SOR/2019-187, s. 1]

  determination date

  determination date, in respect of a member institution, means

  • (a) if a winding-up order is made in respect of the institution before the day on which the Corporation makes a payment under section 14 of the Act, the day on which the petition or other originating process is filed in respect of the winding-up; and

  • (b) if a winding-up order is not made in respect of the institution, the day on which any of the circumstances described in subsection 14(2.1) of the Act first occurred in respect of the institution. (date-repère)

  determination time

  determination time means

  • (a) in respect of the deposit liabilities of a member institution that are located in Canada

    • (i) if the determination date is a business day, the time by which all of the transactions made on that business day are processed and posted to the deposit records of the depositors of the member institution, and

    • (ii) if the determination date is not a business day, the time by which all of the transactions made on the business day immediately preceding the determination date are processed and posted to the deposit records of the depositors of the member institution; and

  • (b) in respect of the deposit liabilities of a member institution that are located in a foreign branch of the member institution or posted in the records of that foreign branch

    • (i) if the determination date is a business day, the time by which all of the transactions made on that business day are processed and posted to the deposit records of the depositors of the foreign branch of the member institution, and

    • (ii) if the determination date is not a business day, the time by which all of the transactions made on the business day immediately preceding the determination date are processed and posted to the deposit records of the depositors of the foreign branch of the member institution. (heure-repère)

  foreign branch

  foreign branch means a branch of a member institution that is located outside Canada. (succursale étrangère)

  standardized data

  standardized data[Repealed, SOR/2019-187, s. 1]

• Marginal note:Reference to day or time

  (2) In this By-law,

  • (a) a reference to a day, in respect of a member institution, is a reference to a period of 24 hours beginning immediately after midnight at the location of its head office; and

  • (b) a reference to a particular time, in respect of a member institution, is a reference to that time at the location of its head office.