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Bank Act

Version of section 522.26 from 2003-01-01 to 2008-05-18:


Marginal note:Definition

  •  (1) In this section and section 522.27, “decision” means a decision, an order, an approval, an extension or a permission of or by the Minister under this Part.

  • Marginal note:Ministerial terms and condition

    (2) A decision may include any terms and conditions that the Minister considers appropriate.

  • Marginal note:Minister may vary or revoke

    (3) The Minister may vary or revoke a previous decision.

  • Marginal note:Effective date of decision

    (4) A decision varying or revoking a previous decision takes effect three months after the day it is made, or at any other time that is agreed to by the Minister and the foreign bank, or the entity associated with a foreign bank, to which the decision relates.

  • Marginal note:Publication

    (5) The Minister shall publish in the Canada Gazette a notice of the making or revocation of a designation order or an exemption order.

  • 2001, c. 9, s. 132
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