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Bank Act

Version of section 251 from 2021-06-30 to 2022-09-11:


Marginal note:Location of central securities register

  •  (1) The central securities register of a bank shall be maintained by the bank at its head office or at any other place in Canada designated by the directors of the bank.

  • Marginal note:Location of branch securities register

    (2) A branch securities register of a bank may be kept at any place in or outside Canada designated by the directors of the bank.

  • Marginal note:Exception

    (3) Subject to subsection 245(1.1), subsection (1) does not apply to a bank that is a subsidiary of a foreign bank incorporated or formed otherwise in a country or territory other than Canada in which a trade agreement listed in Schedule IV is applicable or of a regulated foreign entity.

  • 1991, c. 46, s. 251
  • 2020, c. 1, s. 163
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