Marginal note:Low-fee retail deposit accounts — regulations
448.2 The Governor in Council may make regulations
(a) requiring a member bank, at any prescribed point of service in Canada or any branch referred to in subsection 448.1(1), to open a low-fee retail deposit account for an individual who meets the prescribed conditions at his or her request made there in person;
(b) for the purposes of paragraph (a), defining point of service and prescribing points of service;
(c) prescribing the characteristics, including the name, of a low-fee retail deposit account;
(d) respecting circumstances in which a regulation made under paragraph (a) does not apply; and
(e) prescribing conditions to be met by an individual for the purposes of paragraph (a).
- 2001, c. 9, s. 117
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