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Bank Act

Version of section 522.27 from 2003-01-01 to 2008-05-18:


Marginal note:Statements and returns

 Not later than six months after the end of its financial year or any other period that the Superintendent may specify, a foreign bank or an entity associated with a foreign bank in respect of which a decision has been made by the Minister shall, except to the extent that the Superintendent has exempted it in relation to any of the following, provide the Superintendent with

  • (a) a copy of its financial statements and those of each non-bank affiliate of the foreign bank for the financial year;

  • (b) a list, in a form satisfactory to the Superintendent, of businesses and activities engaged in or carried on by it under sections 514, 522.18 and 522.19;

  • (c) a list, in a form satisfactory to the Superintendent, of each non-bank affiliate of the foreign bank, with a description of the nature of the business engaged in or carried on by it; and

  • (d) any other information that may be prescribed for the purposes of this section.

  • 2001, c. 9, s. 132
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