Notice of Branch Closure (Trust and Loan Companies) Regulations

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Trust and Loan Companies Act. (Loi)

retail deposit-taking branch

retail deposit-taking branch means a branch in Canada of a financial institution at which the financial institution, through a natural person, opens retail deposit accounts and disburses cash to customers. (succursale de dépôt de détail)

rural area

rural area means any territory in Canada located outside an urban area. (zone rurale)

urban area

urban area means a geographic area in Canada

• (a) that is defined as an urban area in the census dictionary published by Statistics Canada for the purpose of the most recent general census whose results have been published; and

• (b) that has a minimum population of 10,000 persons, on the basis of that census. (zone urbaine)