Canada Deposit Insurance Corporation Differential Premiums By-law

8.1 (1) Subject to subsections 8.2(2) and (3), for any premium year that begins after 2013, a member institution, other than one classified in accordance with section 7, that was not in compliance with the Data Requirements By-law as of April 30 of the preceding premium year shall

• (a) if it would otherwise be classified in premium category 1 for the premium year in question, be classified in premium category 2;

• (b) if it would otherwise be classified in premium category 2 for the premium year in question, be classified in premium category 3; and

• (c) if it would otherwise be classified in premium category 3 or 4 for the premium year in question, be classified in premium category 4.

(2) Subject to subsection 8.2(3), for any premium year that begins after 2014, a member institution, other than one classified in accordance with section 7, that was not in compliance with the Data Requirements By-law as of April 30 of each of the two preceding premium years shall

• (a) if it would otherwise be classified in premium category 1 for the premium year in question, be classified in premium category 3; and

• (b) if it would otherwise be classified in premium category 2, 3 or 4 for the premium year in question, be classified in premium category 4.

(3) For any premium year that begins after 2015, a member institution, other than one classified in accordance with section 7, that was not in compliance with the Data Requirements By-law as of April 30 of each of the three preceding premium years shall be classified in premium category 4, and, for each subsequent premium year during which it is not in compliance with that By-law, it shall also be classified in premium category 4.