Bank Recapitalization (Bail-in) Conversion Regulations (SOR/2018-57)

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Canada Deposit Insurance Corporation Act. (Loi)

debt obligation

debt obligation has the same meaning as in section 2 of the Bank Act. (titre de créance)

non-viability contingent capital

non-viability contingent capital means a share or liability of a federal member institution that, by operation of its terms, may be converted into common shares of the institution as a result of a public announcement related to the institution’s viability that is made by the Superintendent or Her Majesty in right of Canada or a province. (fonds propres d’urgence en cas de non-viabilité)

subordinated indebtedness

subordinated indebtedness has the same meaning as in section 2 of the Bank Act. (titre secondaire)