Marginal note:Main business
409 (1) Subject to this Act, a bank shall not engage in or carry on any business other than the business of banking and such business generally as appertains thereto.
Marginal note:Idem
(2) For greater certainty, the business of banking includes
(a) providing any financial service;
(b) acting as a financial agent;
(c) providing investment counselling services and portfolio management services; and
(d) issuing payment, credit or charge cards and, in cooperation with others including other financial institutions, operating a payment, credit or charge card plan.
- 1991, c. 46, s. 409
- 2009, c. 2, s. 269(F)
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