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Canada Deposit Insurance Corporation Differential Premiums By-law

Version of section 8.2 from 2011-01-01 to 2017-02-16:

  •  (1) For the premium year that begins in 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 June 30, 2013 shall

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

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

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

  • (2) For the premium year that begins in 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 June 30, 2013 and April 30, 2014 shall

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

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

  • (3) For the premium year that begins in 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 June 30, 2013, April 30, 2014 and April 30, 2015 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.

  • SOR/2010-307, s. 4

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