BANK ACTSupport Orders and Support Provisions (Banks and Authorized Foreign Banks) RegulationsP.C.2002-124520027
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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsections 462(5)a and 579(5)b of the Bank Actc, hereby makes the annexed Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations.S.C. 2001, c. 9, s. 126S.C. 2001, c. 9, s. 160S.C. 1991, c. 46InterpretationDefinition of ActIn these Regulations, Act means the Bank Act.Designated Offices of BanksDesignation by bankEvery bank that carries on business in a province must, for the purpose of subsection 462(3) of the Act, designate an office of the bank in respect of the province for the service of enforcement notices.Limitation on designationIf a bank has one or more branches in a province, the office that the bank designates in respect of the province must be one of those branches.Time for designationThe designation must be made on or before the later of the last day of the three-month periodbeginning on the day on which these Regulations come into force, andbeginning on the day on which the bank begins to carry on business in the province.Designated Offices of Authorized Foreign BanksDesignation by authorized foreign bankEvery authorized foreign bank that carries on business in a province must, for the purpose of subsection 579(3) of the Act, designate an office of the authorized foreign bank in respect of the province for the service of enforcement notices.Limitation on designationIf an authorized foreign bank has one or more branches in a province, the office that the authorized foreign bank designates in respect of the province must be one of those branches.Time for designationThe designation must be made on or before the later of the last day of the three month periodbeginning on the day on which these Regulations come into force, andbeginning on the day on which the authorized foreign bank begins to carry on business in the province.Publicizing Locations of Designated OfficesPublicizing requirementsEvery bank and every authorized foreign bank that designates an office under section 2 or 3 must publish the name and address of the designated officein the Canada Gazette, Part I; andat least once a week for four consecutive weeks in one or more newspapers in general circulation in the province in respect of which the office is designated.Requirements in case of changeIf a bank or authorized foreign bank changes the office that it has designated in respect of a province, or changes the name or address of a designated office, it must publish a description of the change in the manner provided for under subsection (1).Time for publicizingThe requirement to publicize under subsections (1) or (2) must be completed within three months after the designation or the change, as the case may be.Internet siteEvery bank and every authorized foreign bank must post and maintain, on its primary Internet site, an up-to-date list of the names and addresses of its offices designated under these Regulations.Information to Accompany Enforcement Notices in Respect of Support Orders and Support ProvisionsInformation for identification of debtorFor the purpose of subsection 462(3) or 579(3) of the Act, the written statement that accompanies an enforcement notice must contain the following information:the full name of the person who is required to make a payment under the support order or support provision;the latest known address of that person; andeitherthe social insurance number of that person, orthe date of birth of that person.SOR/2007-158, s. 1(F)Coming into ForceThese Regulations come into force on the day on which they are registered.