Marginal note:Location of central securities register
251 (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
- Date modified: