• 28. (1) For the purposes of this section, “examiner’s rating” in respect of a member institution means the rating on a scale of one to five that is assigned to the institution by the examiner in the course of carrying out the examiner’s duties.

• (2) Subject to subsection (3), the Corporation shall assign to each member institution the score set out in column 2 of an item of Schedule 4 that corresponds to the examiner’s rating for the institution set out in column 1 of that item, which rating is the most recent of the following ratings that is available to the Corporation, namely,

  • (a) the examiner’s rating as of April 30 of the filing year;

  • (b) the most recent examiner’s rating assigned to the institution during the period beginning on May 1 of the year preceding the filing year and ending on April 29 of the filing year; and

  • (c) the examiner’s rating used for the evaluation of the member institution for the preceding premium year.

• (3) If none of the examiner’s ratings referred to in subsection (2) is available to the Corporation for the member institution, the score to be assigned to the institution for the qualitative factor under this section shall be the result determined in accordance with the formula

  (A ÷ 65) × 35

  where

  A 

  is the sum of the scores assigned to the member institution under sections 21 to 27 and 30.

29. [Repealed, SOR/2006-47, s. 5]

29.1 [Repealed, SOR/2005-116, s. 2]

• 30. (1) In this section, “supervisory authority” means an examiner, a regulator, any foreign authority that monitors the activities of financial institutions and a securities commission, a stock exchange or any other similar authority.

• (2) The Corporation shall, based on information about the safety, soundness, financial condition and viability of each member institution, including such information that is produced by supervisory authorities, rating agencies, industry analysts or other experts, that has come to the attention of the Corporation, including information about the affiliates of the member institution, assign to the institution a score of

  • (a) 5 if, as of April 30 of the filing year, no information has come to its attention about circumstances that represent a threat to or compromise the safety, soundness, financial condition or viability of the institution;

  • (b) 3 if, as of April 30 of the filing year, information has come to its attention about circumstances that represent a threat to the safety, soundness, financial condition or viability of the institution; and

  • (c) 0 if, as of April 30 of the filing year, information has come to its attention about circumstances that compromise the safety, soundness, financial condition or viability of the institution.