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Insurance Business (Authorized Foreign Banks) Regulations (SOR/99-270)

Regulations are current to 2020-03-05 and last amended on 2012-03-01. Previous Versions

Prohibited Activities (continued)

 No authorized foreign bank shall provide a telecommunications device that is primarily for the use of customers in Canada and that links a customer with an insurance company, agent or broker.

 An authorized foreign bank shall not carry on business in Canada on premises that are adjacent to the premises of an insurance company, agent or broker unless the authorized foreign bank clearly indicates to its customers that its business and the premises on which its business is carried on are separate and distinct from those of the insurance company, agent or broker.

  • SOR/2011-184, s. 6

Coming into Force

 These Regulations come into force on June 28, 1999.

 
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