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

Marginal note:Calculation

• The following provision is not in force.

  4 (1) A member institution’s total score is equal to the sum of

  • The following provision is not in force.

    (a) for the purpose of its classification as of January 15 of a calendar year,

    • (i) its fall quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (3), and

    • (ii) its fall qualitative score for the premium year that begins in that calendar year, as determined under section 10; or

  • The following provision is not in force.

    (b) for the purpose of its classification as of July 15 of a calendar year,

    • (i) its spring quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (4), and

    • (ii) its spring qualitative score for the premium year that begins in that calendar year, as determined under section 10.

• The following provision is not in force.

  Marginal note:Exception — parent of not new subsidiary

  (2) Despite subsection (1), the total score for a member institution that started operating as a member institution during the premium year that ends in the calendar year in which the classification occurs, that was not formed by an amalgamation involving a member institution and that has at least one subsidiary that is a member institution that meets the following requirements is equal to the highest total score of any such subsidiary:

  • The following provision is not in force.

    (a) the subsidiary is not new;

  • The following provision is not in force.

    (b) the subsidiary was not, on the day before the day on which the member institution started to operate as a member institution, a subsidiary of another member institution; and

  • The following provision is not in force.

    (c) the subsidiary is not, on the day on which the classification occurs, a subsidiary of another member institution.