(5) The following, as well as any liabilities that arise from any of them, are not prescribed shares or liabilities:
(a) any covered bond, as defined in section 21.5 of the National Housing Act;
(b) any eligible financial contract, as defined in subsection 39.15(9) of the Act;
(f) any share of a series that was created before January 1, 2013 and issued as a result of the exercise of a conversion privilege under the terms of another series of shares that was created before January 1, 2013.
1 The following definitions apply in these Regulations.
debt obligation has the same meaning as in section 2 of the Bank Act. (titre de créance)
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 has the same meaning as in section 2 of the Bank Act. (titre secondaire)