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  1. Bank Recapitalization (Bail-in) Conversion Regulations - SOR/2018-57 (Section 2)
    Bank Recapitalization (Bail-in) Conversion Regulations
    Marginal note:Prescribed shares and liabilities
    • [...]

    • Marginal note:Exclusions

      (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.


  2. Bank Recapitalization (Bail-in) Conversion Regulations - SOR/2018-57 (Section 1)
    Bank Recapitalization (Bail-in) Conversion Regulations

     The following definitions apply in these Regulations.

    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)



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