Canada Deposit Insurance Corporation Differential Premiums By-law

11 (1) In order to determine the total score of a member institution formed by an amalgamation involving one or more member institutions that occurred after April 30 of the year preceding the filing year and on or before April 30 of the filing year, the Corporation shall add together the score assigned to the amalgamated member institution in respect of quantitative factors under subsection (2) and the score assigned to that institution in respect of qualitative factors and criteria under subsection (3).

(2) The following score shall be assigned to an amalgamated member institution referred to in subsection (1) in respect of quantitative factors:

• (a) where the amalgamated member institution has a fiscal year ending in the year preceding the filing year, the sum of the scores assigned to that institution under sections 21 to 27 or, in the case of a member institution that is a Category III SMSB, the sum of those scores multiplied by one and one-third; and

• (b) where the amalgamated member institution does not have a fiscal year ending in the year preceding the filing year,

  • (i) if only one of the amalgamating institutions is a member institution, the sum of the scores assigned to that member institution under sections 21 to 27 or, if that member institution is a Category III SMSB, the sum of those scores multiplied by one and one-third, and

  • (ii) if two or more of the amalgamating institutions are member institutions, the highest of the sums of the scores assigned under sections 21 to 27 to each of those member institutions that is not a Category III SMSB and the sums of the scores — multiplied by one and one-third — assigned under sections 21 to 27 to each of those member institutions that is a Category III SMSB.

(3) The score assigned to an amalgamated member institution referred to in subsection (1) in respect of qualitative factors and criteria shall consist of the sum of

• (a) the score assigned to it under section 28 or, if no score can be assigned to it under that section, the score that would have been assigned under section 28 to the amalgamating member institution whose score in respect of quantitative factors was used to determine the score of the amalgamated member institution in respect of those factors for the purpose of subsection (2), if that section applied to that amalgamating member institution, and

• (b) [Repealed, SOR/2006-47, s. 3]

• (c) the score assigned to the amalgamated member institution under section 30.

(4) Where section 10 and this section both apply in respect of a member institution, this section shall prevail.