Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations

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Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations

SOR/2001-408BANK ACT
Registration 2001-10-04
Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations
P.C. 2001-1779 2001-10-04Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 983(16)Footnote a of the Bank ActFootnote b, hereby makes the annexed Name Use by Non-financial Businesses (Excluded Entities) Regulations.

Return to footnote aS.C. 2001, c. 9, s. 183
Return to footnote bS.C. 1991, c. 46
Interpretation

[SOR/2008-157, s. 2(F)]
Definition of Act
1 In these Regulations, Act means the Bank Act.
SOR/2008-157, s. 3.
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Prescribed Entities

Marginal note:Prescribed entities

2 For the purpose of subsection 983(5.1) of the Act, the following entities are prescribed:

(a) an entity in which a bank has a substantial investment;
(b) a financial institution;
(c) an authorized foreign bank;
(d) any other foreign bank;
(e) an entity that is affiliated with a bank or a bank holding company;
(f) an entity in which a bank holding company has a substantial investment;
(g) an entity associated with a foreign bank;
(h) an entity in which a foreign bank has a substantial investment;
(i) an entity in which an entity associated with a foreign bank has a substantial investment;
(j) an entity that has a substantial investment in a bank or a bank holding company; and
(k) an entity that is affiliated with an entity that has a substantial investment in a bank or a bank holding company.

SOR/2002-107, s. 1;
SOR/2008-157, s. 4;
SOR/2010-71, s. 3.

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Coming into Force

Marginal note:Coming into force

Footnote *3 These Regulations come into force on the day on which subsection 983(2) of the Bank Act, as enacted by section 183 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.
Return to footnote *[Note: Regulations in force October 24, 2001, see SI/2001-102.]

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