Canada Deposit Insurance Corporation Co-owned and Trust Deposit Disclosure By-law

Marginal note:Definitions

• 1 (1) The following definitions apply in this By-law.

  Act

  Act means the Canada Deposit Insurance Corporation Act. (Loi)

  determination date

  determination date means, in respect of a member institution,

  • (a) if a winding-up order is made in respect of the institution before the day on which the Corporation makes a payment in respect of the majority — in number or value — of the deposits held by the institution that are insured by deposit insurance, the day on which the petition or other originating process is filed in respect of the winding-up; or

  • (b) if a winding-up order is not made in respect of the institution before the day on which the Corporation makes a payment in respect of the majority — in number or value — of the deposits held by the institution that are insured by deposit insurance, the day on which any of the circumstances described in subsection 14(2.1) of the Act first occurs in respect of the institution. (date-repère)

  senior officer

  senior officer means, in respect of a nominee broker or professional trustee that is not an individual,

  • (a) its chief executive officer or a member of its board of directors, or an individual who performs functions similar to those normally performed by someone occupying one of those positions; or

  • (b) an officer who reports directly to a person referred to in paragraph (a) or to the board of directors. (cadre dirigeant)

  special income arrangement

  special income arrangement means

  • (a) a registered retirement savings plan referred to in subsection 5(1) of the schedule to the Act;

  • (b) a registered retirement income fund referred to in subsection 5(2) of the schedule to the Act;

  • (c) a tax-free savings account referred to in subsection 5(3) of the schedule to the Act;

  • (d) a registered education savings plan referred to in subsection 5(4) of the schedule to the Act; or

  • (e) a registered disability savings plan referred to in subsection 5(5) of the schedule to the Act. (arrangement spécial)

• Marginal note:Types of special income arrangement

  (2) For the purposes of this By-law, each paragraph in the definition special income arrangement describes a type of special income arrangement.