Financial Consumer Protection Framework Regulations (SOR/2021-181)

Marginal note:Content of statement

• 95 (1) For the purposes of subparagraph 627.996(1)(a)(i) of the Act and subject to sections 96 to 98 of these Regulations, the following information is prescribed information:

  • (a) a list of the bank’s prescribed affiliates;

  • (b) a list of the bank’s prescribed affiliates in respect of which a statement of another bank is filed under paragraph 627.996(1)(a) of the Act for the financial year and the name of the other bank;

  • (c) detailed examples, in relation to the bank and its prescribed affiliates, of

    • (i) their goals in the area of community development and of their participation during the financial year in activities for the purpose of community development, including the making of financial contributions for that purpose,

    • (ii) activities undertaken on their behalf during the financial year by their employees on a voluntary basis for the purpose of community development,

    • (iii) charitable donations that they made during the financial year,

    • (iv) their philanthropic activities, other than charitable donations, during the financial year, including their total value in money to the extent that the value of those activities can be expressed in money, and

    • (v) any new initiatives or technical assistance programs that they undertook during the financial year in relation to financing for small businesses and in relation to investments or partnerships in micro-credit programs;

  • (d) the total value in money of either

    • (i) the charitable donations made during the financial year by the bank and its prescribed affiliates, or

    • (ii) the charitable donations made during the financial year by the financial group of which the bank is a member;

  • (e) a report, in respect of the bank and its prescribed affiliates, setting out the total amount of money that they authorized to be made available during the financial year by way of debt financing to firms in Canada, and then setting out that amount broken down, by province, in accordance with the amount of debt financing that was authorized, and the number of firms to which it was authorized, within each of the following ranges:

    • (i) $0 to $24,999,

    • (ii) $25,000 to $99,999,

    • (iii) $100,000 to $249,999,

    • (iv) $250,000 to $499,999,

    • (v) $500,000 to $999,999,

    • (vi) $1,000,000 to $4,999,999, and

    • (vii) $5,000,000 and greater;

  • (f) a listing of the street addresses — including, if the address is shared, the precise location — of the facilities that were opened or closed by the bank in each province during the period, if those facilities are or were

    • (i) branches that are open to the public and at which a product or service is offered, or

    • (ii) facilities, other than branches, at which the bank has accepted deposits from customers or disbursed cash to customers;

  • (g) the number of individuals employed in each province at financial year-end by the bank and by its prescribed affiliates, including the number of full-time and part-time positions held by those individuals; and

  • (h) the total amount of income and capital taxes paid or payable by the financial group of which the bank is a member in respect of the financial year, broken down by total amounts paid or payable to federal and provincial governments.

• Marginal note:Definition of community development

  (2) For the purposes of subparagraphs (1)(c)(i) and (ii), community development means the social, cultural, economic or environmental enrichment of a community.