Material Banking Group Percentage Regulations (SOR/2008-163)

Regulations are current to 2019-08-15

Material Banking Group Percentage Regulations

SOR/2008-163

BANK ACT

Registration 2008-05-15

Material Banking Group Percentage Regulations

P.C. 2008-943 2008-05-15

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978Footnote a of the Bank ActFootnote b, hereby makes the annexed Material Banking Group Percentage Regulations.

Prescribed Percentage

Marginal note:Prescribed percentage

 For the purposes of subsection 508(2) of the Bank Act, the percentage is 35%.

Marginal note:Prescribed percentage

 For the purposes of subsection 508(3) of the Bank Act, the percentage is 50%.

Repeal

 [Repeal]

Coming into Force

Marginal note:Registration

 These Regulations come into force on the day on which they are registered.

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