Specialized Financing (Foreign Banks) Regulations

Version of section 2.3 from 2008-05-19 to 2010-03-24:


Marginal note:Maximum authorized investment

 A foreign bank shall not, by way of specialized financing activities, acquire or hold control of, or a substantial investment in, a Canadian entity if the aggregate balance sheet value of the shares and ownership interests that the following entities hold or would hold in the entity is more than $250 million:

  • (a) the foreign bank;

  • (b) the entities associated with the foreign bank;

  • (c) the specialized financing entities of the foreign bank; and

  • (d) the specialized financing entities of the entities associated with the foreign bank.

  • SOR/2008-164, s. 2
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