Assessment of Financial Institutions Regulations, 2017 (SOR/2016-297)

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Office of the Superintendent of Financial Institutions Act. (Loi)

approved mortgage insurer

approved mortgage insurer means an approved mortgage insurer within the meaning of section 2 of the Protection of Residential Mortgage or Hypothecary Insurance Act or a corporation or company that is treated as if it were an approved mortgage insurer in accordance with subsection 6(4) or 7(1) of that Act, respectively. (assureur hypothécaire agréé)

authorized foreign bank

authorized foreign bank has the same meaning as in section 2 of the Bank Act. (banque étrangère autorisée)

capital

capital means the amount determined in respect of a financial institution in accordance with section 4. (fonds propres)

cooperative credit association

cooperative credit association means an association, other than a retail association, to which the Cooperative Credit Associations Act applies and includes a central cooperative credit society for which an order has been made under subsection 473(1) of that Act. (association coopérative de crédit)

foreign fraternal benefit society

foreign fraternal benefit society has the same meaning as in section 571 of the Insurance Companies Act. (société de secours étrangère)

foreign life company

foreign life company has the same meaning as in section 571 of the Insurance Companies Act. (société d’assurance-vie étrangère)

life company

life company has the same meaning as in subsection 2(1) of the Insurance Companies Act. (société d’assurance-vie)

minimum assessment

minimum assessment means the amount determined in accordance with subsection 3(1) in respect of a financial institution, as adjusted in accordance with subsection 3(2). (cotisation minimale)

mortgage insurance company

mortgage insurance company means a company to which the Insurance Companies Act applies and whose activities are restricted to insuring risks within the class of mortgage insurance. (société d’assurance hypothécaire)

property and casualty insurer

property and casualty insurer means a company, provincial company or foreign company to which the Insurance Companies Act applies — other than a life company, society, foreign life company, foreign fraternal benefit society or mortgage insurance company — or Green Shield Canada. (assureur multirisque)

retail association

retail association has the same meaning as in section 2 of the Cooperative Credit Associations Act. (association de détail)

society

society has the same meaning as in subsection 2(1) of the Insurance Companies Act. (société de secours)

trust and loan company

trust and loan company means a company to which the Trust and Loan Companies Act applies. (société de fiducie et de prêt)