Marginal note:Definitions
522.29 (1) The following definitions apply in this Division.
- affected entity
affected entity means
(a) an entity associated with a foreign bank that is an affected foreign bank and that has a financial establishment in Canada; or
(b) a prescribed entity associated with a foreign bank referred to in paragraph (c) of the definition affected foreign bank. (entité visée)
- affected foreign bank
affected foreign bank means a foreign bank that
(a) immediately before the day this Division comes into force, was the subject of an order made under subsection 524(1) or former subsection 521(1.06) and whose order has not been revoked; or
(b) on or before June 13, 2000, controlled a foreign bank subsidiary as defined in former section 2.
(c) [Repealed, 2007, c. 6, s. 73] (banque étrangère visée)
Marginal note:Former provision
(2) Every reference in this Division to a former provision means a reference to that provision as it read immediately before the day this Division comes into force.
- 2001, c. 9, s. 132
- 2007, c. 6, s. 73
- Date modified: