Hyperlawhypertext legal database Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations current to 2019-06-21

SOR-2001-408 Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations

Current to 2019-06-21 · last amended 2010-03-25

Contents
Provision

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 983(16) a of the Bank Act b, hereby makes the annexed Name Use by Non-financial Businesses (Excluded Entities) Regulations. S.C. 2001, c. 9, s. 183 S.C. 1991, c. 46

Interpretation

s. 1 — Definition of Act

In these Regulations, Act means the Bank Act.

Prescribed Entities

s. 2 — Prescribed entities

For the purpose of subsection 983(5.1) of the Act, the following entities are prescribed:

s. 2(a)

an entity in which a bank has a substantial investment;

s. 2(b)

a financial institution;

s. 2(c)

an authorized foreign bank;

s. 2(d)

any other foreign bank;

s. 2(e)

an entity that is affiliated with a bank or a bank holding company;

s. 2(f)

an entity in which a bank holding company has a substantial investment;

s. 2(g)

an entity associated with a foreign bank;

s. 2(h)

an entity in which a foreign bank has a substantial investment;

s. 2(i)

an entity in which an entity associated with a foreign bank has a substantial investment;

s. 2(j)

an entity that has a substantial investment in a bank or a bank holding company; and

s. 2(k)

an entity that is affiliated with an entity that has a substantial investment in a bank or a bank holding company.

Coming into Force

*3 — Coming into force

These Regulations come into force on the day on which subsection 983(2) of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.[Note: Regulations in force October 24, 2001, see SI/2001-102.]