Marginal note:No financial establishment without approval — foreign bank
(2) Subsection (1) does not apply if the foreign bank or any entity associated with the foreign bank
(3) A foreign bank that was the subject of a designation order under subsection 508(1) as that subsection read immediately before the coming into force of this subsection and whose designation order has not been revoked is deemed to have received the approval of the Minister to have a financial establishment in Canada.
- 2001, c. 9, s. 132
- 2007, c. 6, s. 67
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