Marginal note:Affiliates
459.5 A bank shall not enter into any arrangement or otherwise cooperate with any of its affiliates that is controlled by a bank or a bank holding company and that is a finance entity as defined in subsection 464(1) or other prescribed entity to sell or further the sale of a product or service of the bank or the affiliate unless
(a) the affiliate complies, with respect to the product or service, with the following provisions as if it were a bank, namely,
(i) sections 449 to 455, subsections 458(1) and (3) and section 459.1, and
(ii) section 456, to the extent that it is applicable to the activities of the affiliate; and
(b) the persons who request or receive the product or service have access to complaint handling by the body corporate designated under subsection 455.1(1).
- 2001, c. 9, s. 125
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