Canada Deposit Insurance Corporation Differential Premiums By-law (SOR/2025-165)

Marginal note:Calculation

10 A member institution’s fall qualitative score for a premium year is equal to the sum of the scores assigned to the member institution under subsection 8(2) or (3) and section 9 on January 15 of the calendar year in which that premium year begins. Its spring qualitative score for a premium year is equal to sum of the scores assigned to it under subsection 8(4) or (5) and section 9 on July 15 of that premium year.

Marginal note:Fall return after January 14

11 If a member institution submits a fall return after January 14 but not later than July 2 of the calendar year after the calendar year in which it was due or submits a revised fall return referred to in subparagraph 5(1)(e)(i) during that period

• The following provision is not in force.

  (a) the Corporation must re-assign to the member institution the scores assigned on the basis of the information referred to in paragraph 6(a) and, if applicable, the score referred to in paragraph 8(2)(b) as if the return had been submitted on or before January 14;

• The following provision is not in force.

  (b) the member institution’s fall quantitative and qualitative scores must be redetermined as if the updated scores referred to in paragraph (a) had been assigned on January 15;

• The following provision is not in force.

  (c) the fall quantitative and qualitative scores of any other member institution that were dependent on the member institution’s scores must be redetermined on the basis of the updated scores; and

• The following provision is not in force.

  (d) if any member institution’s total score under paragraph 4(1)(a) or subsection 4(2), when determined using the revised fall quantitative and qualitative scores, corresponds to a different premium category than the one in which it was originally classified as of January 15, that different premium category becomes the one in which the member institution is classified as of that date and the Corporation must notify the member institution of that premium category within 45 days after the day on which the late or revised return is submitted and, in any event, not later than July 15 of that calendar year.

Marginal note:Existing new member institution

12 The references to “premium category 2” in the following provisions are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”:

• The following provision is not in force.

  (a) clause (iii)(A) of the description of C and clause (ii)(A) of the description of D in the formula in paragraph 2(1)(b);

• The following provision is not in force.

  (b) subsection 3(3); and

• The following provision is not in force.

  (c) paragraph 3(7)(a).

Marginal note:Existing new staged member institution

13 The references to “premium category 3” in clause (iii)(B) of the description of C and clause (ii)(B) of the description of D in the formula in paragraph 2(1)(b) are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”.

14 [Amendments]

15 [Amendments]

16 [Amendments]

17 [Amendments]

18 [Amendments]

19 [Amendments]

20 The Canada Deposit Insurance Corporation Differential Premiums By-lawFootnote ³ is repealed.

• Return to footnote ³SOR/99-120