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  1. Canada Deposit Insurance Corporation Act - R.S.C., 1985, c. C-3 (Section 2)

    2 In this Act,

    affairs

    affairs , with respect to a member institution, means its business and the relationships among the member institution and its affiliates and the shareholders, directors and officers of the member institution and its affiliates; (affaires internes)

    nominee broker

    nominee broker  means a person who is a party to an agreement or arrangement with a member institution in order to make deposits as a nominee on behalf of another person; (courtier-fiduciaire)

    shareholder

    shareholder includes the holder of a membership share of a federal credit union; (actionnaire)

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  2. Canada Deposit Insurance Corporation Act - R.S.C., 1985, c. C-3 (SCHEDULE)

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    1 In this schedule,

    subordinated shareholder loan

    subordinated shareholder loan [Repealed, 2007, c. 6, s. 421]

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    Marginal note:Member institution requirements — agreements and arrangements

    • 8 (1) If a member institution enters into an agreement or arrangement respecting nominee broker deposits, the member institution must ensure that the agreement or arrangement includes provisions that require the nominee broker

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    • Marginal note:Notice

      (3) If a member institution enters into an agreement or arrangement respecting nominee broker deposits, the member institution must notify the Corporation in accordance with the by-laws.

    • Marginal note:Notice — end of agreement or arrangement

      (4) If a member institution that has entered into an agreement or arrangement respecting nominee broker deposits is no longer a party to that agreement or arrangement, the member institution must notify the Corporation in accordance with the by-laws.

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    14 For the purposes of the provisions of this schedule, the Board may make by-laws

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    • (g) respecting notification requirements for agreements or arrangements respecting nominee broker deposits;

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