Entity Member of Group Regulations

Link to law: http://laws-lois.justice.gc.ca/eng/regulations/SOR-2002-132/FullText.html

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Entity Member of Group Regulations

SOR/2002-132BANK ACT
INSURANCE COMPANIES ACT
TRUST AND LOAN COMPANIES ACT
Registration 2002-03-21
Entity Member of Group Regulations
P.C. 2002-401 2002-03-21Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978Footnote a of the Bank ActFootnote b, 1021Footnote c of the Insurance Companies ActFootnote d and 531Footnote e of the Trust and Loan Companies ActFootnote f, hereby makes the annexed Entity Member of Group Regulations.

Return to footnote aS.C. 2001, c. 9, s. 183
Return to footnote bS.C. 1991, c. 46
Return to footnote cS.C. 2001, c. 9, s. 465
Return to footnote dS.C. 1991, c. 47
Return to footnote eS.C. 2001, c. 9, s. 569
Return to footnote fS.C. 1991, c. 45
Entity Member of a Bank’s Group

Marginal note:Entity member of bank’s group (Entité membre du groupe d’une banque)

1 For the purpose of paragraph 464(2)(d) of the Bank Act, the following entities are members of a bank’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Entity Member of a Bank Holding Company’s Group

Marginal note:Entity member of bank holding company’s group (Entité membre du groupe d’une société de portefeuille bancaire)

2 For the purpose of paragraph 925(2)(d) of the Bank Act, the following entities are members of a bank holding company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank holding company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Entity Member of Insurance Company’s Group

Marginal note:Entity member of insurance company’s group (Entité membre du groupe d’une société d’assurances)

3 For the purpose of paragraph 490(2)(d) of the Insurance Companies Act, the following entities are members of a company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Entity Member of Insurance Holding Company’s Group

Marginal note:Entity member of insurance holding company’s group (Entité membre du groupe d’une société de portefeuille d’assurances)

4 For the purpose of paragraph 966(2)(d) of the Insurance Companies Act, the following entities are members of an insurance holding company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the insurance holding company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Entity Member of Trust and Loan Company’s Group

Marginal note:Entity member of trust and loan company’s group (Entité membre du groupe d’une société de fidicie et de prêt)

5 For the purpose of paragraph 449(2)(d) of the Trust and Loan Companies Act, the following entities are members of a company’s group:

(a) a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b) a subsidiary of a central referred to in paragraph (a); and
(c) an entity in which a central referred to in paragraph (a) has a substantial investment.

Coming into Force

Marginal note:Coming into force (Entrée en vigueur)

6 These Regulations come into force on the day on which they are registered.