Access to Funds Regulations

1 The following definitions apply in these Regulations.

business day

business day does not include a Saturday or a holiday. (jour ouvrable)

eligible enterprise

eligible enterprise means a business with authorized credit of less than $1 million, fewer than 500 employees and annual revenues of less than $50 million. (entreprise admissible)

institution

institution means any of the following:

• (a) a bank, as defined in section 2 of the Bank Act;

• (b) an authorized foreign bank, as defined in section 2 of the Bank Act;

• (c) a retail association, as defined in section 2 of the Cooperative Credit Associations Act;

• (d) a company, as defined in section 2 of the Trust and Loan Companies Act. (institution)

point of service

point of service means a physical location to which the public has access and at which an institution, an affiliate of the institution, or an agent or representative of the institution or affiliate carries on business with the public and opens or initiates the opening of retail deposit accounts of the institution or affiliate through natural persons in Canada. (point de service)