Specialized Financing (Foreign Banks) Regulations

Marginal note:Maximum authorized investment

2.4 An entity associated with 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 entity associated with a foreign bank;

• (b) the foreign bank;

• (c) any other entities associated with the foreign bank;

• (d) the specialized financing entities of the foreign bank;

• (e) the specialized financing entities of the entity associated with the foreign bank; and

• (f) the specialized financing entities of any other entities associated with the foreign bank.