Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 23.1 a and 38 b of the Office of the Superintendent of Financial Institutions Act c, hereby makes the annexed Charges for Services Provided by the Office of the Superintendent of Financial Institutions Regulations 2002. S.C. 1999, c. 28, s. 131 S.C. 2001, c. 9, s. 477 R.S., c. 18 (3rd Supp.), Part I
Interpretation
The words and expressions used in these Regulations have the same meaning as in the Bank Act, the Cooperative Credit Associations Act, the Insurance Companies Act, and the Trust and Loan Companies Act, as the case may be.
Charges
The charge to be paid for the consideration by the Superintendent of an application to obtain a document described in column 1 of Schedule 1 or for any other service described in that column, is the amount set out in column 2.
The charge to be paid for a service described in column 1 of Schedule 2 is the amount set out in column 2.
[Repealed]
Repeal
[Repeal]
Coming into Force
These Regulations come into force on the day on which they are registered.
Item Column 1 Column 2 Act Reference Short-form Description of Document or Service*Bank Act Trust and Loan Companies Act Insurance Companies Act Cooperative Credit Associations Act Charge ($) 1 Letters patent of incorporation 22 21 22 23 32,000 2 Letters patent of continuance 33 31 32 N/A 32,000 3 Order permitting a foreign bank to carry on business in Canada 524(1) N/A N/A N/A 32,000 4 Order approving the insuring in Canada of risks by a foreign body corporate N/A N/A 574 N/A 32,000 5. to 13.[Repealed, SOR/2006-74, s. 2] 14 Exemption from material banking group status 508(3) N/A N/A N/A 8,000 15 Approval for a foreign bank or an entity associated with a foreign bank to have a financial establishment in Canada 522.21 and 522.211 N/A N/A N/A 8,000 16 Approval for a foreign bank or an entity associated with a foreign bank in respect of investments and activities 522.22 N/A N/A N/A 8,000 17. to 20.[Repealed, SOR/2006-74, s. 3] 21 Approval to maintain a representative office of a foreign bank 522 N/A N/A N/A 4,800 22. to 39.[Repealed, SOR/2006-74, s. 4] 40 Reservation of a name 43 45 45 39 800 41. and 42.[Repealed, SOR/2006-74, s. 5] The short-form descriptions set out under Column 1 are provided in order to facilitate the use of these Regulations. In the case of any discrepancy, the statutory provisions shall prevail over the short-form descriptions.
Column 1 Column 2 Item Services Charge ($) 1 Written, precedent-setting ruling relating to the quality of capital 6,400 2 Accreditation of a provincial reinsurer 4,000 3 Written interpretation of Acts, regulations, guidelines or rulings 4,000 4 Written, non-precedent-setting confirmation of quality of capital 4,000 5. to 9.[Repealed, SOR/2006-74, s. 6] 10 160 for up to 20 copies plus 5 for each additional copy