Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations (SOR/2001-408)

Regulations are current to 2019-06-20 and last amended on 2010-03-25. Previous Versions

Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations

SOR/2001-408

BANK ACT

Registration 2001-10-04

Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations

P.C. 2001-1779 2001-10-04

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 983(16)Footnote a of the Bank ActFootnote b, hereby makes the annexed Name Use by Non-financial Businesses (Excluded Entities) Regulations.

Interpretation

[SOR/2008-157, s. 2(F)]

Definition of Act

 In these Regulations, Act means the Bank Act.

  • SOR/2008-157, s. 3

Prescribed Entities

Marginal note:Prescribed entities

 For the purpose of subsection 983(5.1) of the Act, the following entities are prescribed:

  • (a) an entity in which a bank has a substantial investment;

  • (b) a financial institution;

  • (c) an authorized foreign bank;

  • (d) any other foreign bank;

  • (e) an entity that is affiliated with a bank or a bank holding company;

  • (f) an entity in which a bank holding company has a substantial investment;

  • (g) an entity associated with a foreign bank;

  • (h) an entity in which a foreign bank has a substantial investment;

  • (i) an entity in which an entity associated with a foreign bank has a substantial investment;

  • (j) an entity that has a substantial investment in a bank or a bank holding company; and

  • (k) an entity that is affiliated with an entity that has a substantial investment in a bank or a bank holding company.

  • SOR/2002-107, s. 1
  • SOR/2008-157, s. 4
  • SOR/2010-71, s. 3

Coming into Force

Marginal note:Coming into force

Footnote * These Regulations come into force on the day on which subsection 983(2) of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

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