Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 522.02 from 2007-04-20 to 2020-06-17:

Marginal note:Cancellation of registration

 The Superintendent may cancel the registration of a representative office of a foreign bank if

  • (a) the foreign bank requests the Superintendent to cancel the registration;

  • (b) the Superintendent is of the opinion that the representative office is not being operated, or the personnel of that office are not conducting themselves, in accordance with the rules prescribed for the purposes of paragraph 522(a); or

  • (c) the Superintendent is of the opinion that the foreign bank has failed to comply with a restriction imposed under paragraph 522.011(b) or a direction made under paragraph 522.011(c).

  • 2001, c. 9, s. 132
  • 2007, c. 6, s. 57
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