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

Marginal note:Quantitative score

• 7 (1) A member institution’s fall quantitative score for a premium year is, subject to subsections (2) and (3), equal to the sum of the scores assigned to the member institution under paragraph 6(a) on the basis of the fall return that is due in the previous premium year or, if applicable, the revised fall return. Its spring quantitative score for a premium year is, subject to subsections (2) and (4), equal to the sum of the scores assigned to it under paragraph 6(b) on the basis of the spring return that is due in the previous premium year or, if applicable, the revised spring return.

• Marginal note:Exceptions

  (2) A member institution’s fall or spring quantitative score is equal to the corresponding sum referred to in subsection (1) multiplied by

  • (a) one and one fifth, if the member institution has operated as a member institution for less than five full financial years as of the day on which the return on which the score is based is due;

  • (b) one and one fifth, if the member institution was formed by an amalgamation involving two or more member institutions and has operated as a member institution for less than three full financial years as of the day on which the return on which the score is based is due;

  • (c) one and one eleventh, if the member institution has been operating as a member institution for at least five but less than six full financial years as of the day on which the return on which the score is based is due; or

  • (d) one and one eleventh, if the member institution was formed by an amalgamation involving two or more member institutions and has been operating as a member institution for at least three but less than four full financial years as of the day on which the return on which the score is based is due.

• Marginal note:Recently amalgamated institution — fall score

  (3) The fall quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest fall quantitative score of any of its amalgamating institutions that are member institutions if

  • (a) the amalgamated institution has a financial year that ends on October 31; or

  • (b) the amalgamated institution has a financial year that ends on December 31 and the amalgamation occurred after June 30 of the previous premium year.

• Marginal note:Recently amalgamated institution — spring score

  (4) The spring quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest spring quantitative score of any of its amalgamating institutions that are member institutions if the amalgamation occurred

  • (a) after October 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on October 31; or

  • (b) after December 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on December 31.