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

Marginal note:Prescribed entities

2 For the purpose of paragraph 983(4)(a) 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 that is not the subject of an exemption order;

• (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 that is associated with a foreign bank, within the meaning of section 507 of the Act, if the foreign bank is not the subject of an exemption order;

• (h) an entity in which a foreign bank that is not the subject of an exemption order has a substantial investment;

• (i) an entity in which another entity has a substantial investment, if the other entity is associated with a foreign bank, within the meaning of section 507 of the Act, and the foreign bank is not the subject of an exemption order;

• (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.