Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 957 from 2003-01-01 to 2023-06-21:

Marginal note:Examination of bank holding companies

  •  (1) The Superintendent, from time to time, shall make or cause to be made any examination and inquiry into the business and affairs of each bank holding company that the Superintendent considers to be necessary or expedient to determine whether the bank holding company is complying with the provisions of this Act and to ascertain the financial condition of the bank holding company.

  • Marginal note:Access to records of bank holding company

    (2) The Superintendent or a person acting under the Superintendent’s direction

    • (a) has a right of access to any records, cash, assets and security held by or on behalf of a bank holding company; and

    • (b) may require the directors, officers and the auditor of a bank holding company to provide information and explanations, to the extent that they are reasonably able to do so, in respect of the condition and affairs of the bank holding company or any entity in which the bank holding company has a substantial investment.

  • 2001, c. 9, s. 183

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