Marginal note:Short title

1. This Act may be cited as the Financial Consumer Agency of Canada Act.

Marginal note:Definitions

2. The following definitions apply in this section and in sections 3 to 34.

“Agency”

« Agence »

“Agency” means the Financial Consumer Agency of Canada established under section 3.

“bank holding company”

« société de portefeuille bancaire »

“bank holding company” means a bank holding company as defined in section 2 of the Bank Act;

“Commissioner”

« commissaire »

“Commissioner” means the Commissioner of the Agency appointed under section 4.

“consumer provision”

« disposition visant les consomma­teurs »

“consumer provision” means

• (a) paragraphs 157(2)(e) and (f), section 413.1, subsection 418.1(3), sections 439.1 to 459.5, subsections 540(2) and (3) and 545(4) and (5), paragraphs 545(6)(b) and (c), subsection 552(3) and sections 559 to 576.2 of the Bank Act together with any regulations made under or for the purposes of those provisions;

• (b) paragraphs 167(2)(f) and (g), subsection 382.2(3) and sections 385.05 to 385.28 of the Cooperative Credit Associations Act together with any regulations made under or for the purposes of those provisions;

• (c) paragraphs 165(2)(f) and (g), subsection 469.1(3), sections 479 to 489.3, subsection 542.061(3) and sections 598 to 607.2 of the Insurance Companies Act together with any regulations made under or for the purposes of those provisions;

• (d) paragraphs 161(2)(e) and (f), subsection 418.1(3) and sections 425.1 to 444.3 of the Trust and Loan Companies Act together with any regulations made under or for the purposes of those provisions; and

• (e) subsection 469.1(3) as set out in paragraph 17(1)(f) of the Green Shield Canada Act and the provisions referred to in paragraph 17(1)(f.1) of that Act as they apply to Green Shield Canada in accordance with section 17 of that Act together with any regulations made under or for the purposes of those provisions.

“Deputy Commissioner”

« commissaire adjoint »

“Deputy Commissioner” means a Deputy Commissioner appointed under section 8.

“financial institution”

« institution financière »

“financial institution” means

• (a) a bank as defined in section 2 of the Bank Act;

• (b) an authorized foreign bank as defined in section 2 of the Bank Act;

• (c) a company to which the Trust and Loan Companies Act applies;

• (d) a retail association as defined in section 2 of the Cooperative Credit Associations Act;

• (e) a company or foreign company to which the Insurance Companies Act applies; and

• (f) Green Shield Canada.

“governing statute”

« loi d’application »

“governing statute” means

• (a) in relation to a bank or authorized foreign bank as defined in the Bank Act, that Act;

• (b) in relation to a retail association to which the Cooperative Credit Associations Act applies, that Act;

• (c) in relation to a company or foreign company to which the Insurance Companies Act applies, that Act;

• (d) in relation to a company to which the Trust and Loan Companies Act applies, that Act; and

• (e) in relation to Green Shield Canada, the Green Shield Canada Act.

“insurance holding company”

« société de portefeuille d’assurances »

“insurance holding company” means an insurance holding company as defined in subsection 2(1) of the Insurance Companies Act.

“Minister”

« ministre »

“Minister” means the Minister of Finance.

“payment card network operator”

« exploitant de réseau de cartes de paiement »

“payment card network operator” means an entity, as defined in section 3 of the Payment Card Networks Act, that operates or manages a payment card network, as defined in that section, including by establishing standards and procedures for the acceptance, transmission or processing of payment transactions and by facilitating the electronic transfer of information and funds.

“penalty”

« pénalité »

“penalty” means an administrative monetary penalty.

“prescribed”

Version anglaise seulement

“prescribed” means prescribed by regulation.