GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Specialized Financing (Foreign Banks) Regulations — 1
Definitions 1 (1) The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on the entity’s balance sheet on an unconsolidated basis. ( valeur au bilan ) book value [Repealed, SOR/2008-164, s. 1] specialized financing entity of an entity associated with a foreign bank means a specialized financing entity that is controlled by an entity associated with a foreign bank or in which an entity associated with a foreign bank has a substantial investment. ( entité s’occupant de financement spécial d’une entité liée à une banque étrangère ) specialized financing entity of a foreign bank means a specialized financing entity that is controlled by a foreign bank or in which a foreign bank has a substantial investment. ( entité d’une banque étrangère s’occupant de financement spécial ) Meaning of specialized financing entity (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 507(1) of the Act, specialized financing entity means a Canadian entity that acquires or holds shares of, or ownership interests in, entities that a bank may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 466(4) of the Act. SOR/2008-164, s. 1
Specialized Financing (Foreign Banks) Regulations — Specialized Financing (Foreign Banks) Regulations
balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on the entity’s balance sheet on an unconsolidated basis. ( valeur au bilan )
Specialized Financing (Foreign Banks) Regulations — Specialized Financing (Foreign Banks) Regulations
book value [Repealed, SOR/2008-164, s. 1]
Specialized Financing (Foreign Banks) Regulations — Specialized Financing (Foreign Banks) Regulations
specialized financing entity of an entity associated with a foreign bank means a specialized financing entity that is controlled by an entity associated with a foreign bank or in which an entity associated with a foreign bank has a substantial investment. ( entité s’occupant de financement spécial d’une entité liée à une banque étrangère )
Specialized Financing (Foreign Banks) Regulations — Specialized Financing (Foreign Banks) Regulations
specialized financing entity of a foreign bank means a specialized financing entity that is controlled by a foreign bank or in which a foreign bank has a substantial investment. ( entité d’une banque étrangère s’occupant de financement spécial )
Specialized Financing (Foreign Banks) Regulations — 2
Application 2 These Regulations apply to specialized financing activities under paragraph 522.1(e) of the Act and to the ownership by a foreign bank or an entity associated with a foreign bank of shares of, or ownership interests in, a specialized financing entity under paragraph 522.08(1)(b) of the Act. SOR/2008-164, s. 2
Specialized Financing (Foreign Banks) Regulations — 2.1
Limits on investments 2.1 A foreign bank or an entity associated with a foreign bank shall not, by way of specialized financing activities, acquire or hold control of, or a substantial investment in, a Canadian entity (a) referred to in any of paragraphs 468(1)(a) to (j) of the Act; (b) that is primarily engaged in the leasing of motor vehicles in Canada for the purpose of extending credit to a customer or financing a customer’s acquisition of a motor vehicle; (c) that is primarily engaged in providing temporary possession of personal property, including motor vehicles, to customers in Canada for a purpose other than to finance the customer’s acquisition of the property; or (d) that acts as an insurance broker or agent in Canada. SOR/2008-164, s. 2
Specialized Financing (Foreign Banks) Regulations — 2.2
Length of investment 2.2 A foreign bank or an entity associated with a foreign bank shall not, by way of specialized financing activities, hold control of, or hold a substantial investment in, a Canadian entity for more than 13 consecutive years. SOR/2008-164, s. 2
Specialized Financing (Foreign Banks) Regulations — 2.3
Maximum authorized investment 2.3 A foreign bank shall not, by way of specialized financing activities, acquire or hold control of, or a substantial investment in, a Canadian entity if the aggregate balance sheet value of the shares and ownership interests that the following entities hold or would hold in the entity is more than $250 million: (a) the foreign bank; (b) the entities associated with the foreign bank; (c) the specialized financing entities of the foreign bank; and (d) the specialized financing entities of the entities associated with the foreign bank. SOR/2008-164, s. 2; SOR/2010-71, s. 4(F)
Specialized Financing (Foreign Banks) Regulations — 2.4
Maximum authorized investment 2.4 An entity associated with a foreign bank shall not, by way of specialized financing activities, acquire or hold control of, or a substantial investment in, a Canadian entity if the aggregate balance sheet value of the shares and ownership interests that the following entities hold or would hold in the entity is more than $250 million: (a) the entity associated with a foreign bank; (b) the foreign bank; (c) any other entities associated with the foreign bank; (d) the specialized financing entities of the foreign bank; (e) the specialized financing entities of the entity associated with the foreign bank; and (f) the specialized financing entities of any other entities associated with the foreign bank. SOR/2008-164, s. 2; SOR/2010-71, s. 5(F)
Specialized Financing (Foreign Banks) Regulations — 3
Ownership restrictions — foreign banks 3 (1) A foreign bank shall not acquire or hold control of, or a substantial investment in, a specialized financing entity if (a) the aggregate balance sheet value of the shares and the ownership interests, other than shares or ownership interests held by the specialized financing entity in a specialized financing entity of the foreign bank that it controls, that the following entities hold or would hold in an entity that the specialized financing entity holds control of, or a substantial investment in, is more than $250 million, namely, (i) the specialized financing entity, (ii) the specialized financing entities of the foreign bank, (iii) the specialized financing entities of the entities associated with the foreign bank, (iv) the foreign bank, and (v) the entities associated with the foreign bank; or (b) the specialized financing entity controls or holds shares of, or ownership interests in, (i) an entity referred to in any of paragraphs 468(1)(a) to (j) of the Act, (ii) an entity that is primarily engaged in the leasing of motor vehicles in Canada for the purpose of extending credit to a customer or financing a customer’s acquisition of a motor vehicle, (iii) an entity that is primarily engaged in providing temporary possession of personal property, including motor vehicles, to customers in Canada for a purpose other than to finance the customer’s acquisition of the property, or (iv) an entity that acts as an insurance broker or agent in Canada. 13 year limit (2) A foreign bank shall not hold control of, or a substantial investment in, a specialized financing entity of the foreign bank if either the specialized financing entity of the foreign bank or the specialized financing entity of the foreign bank and one or more of the following entities, one after another, have held control of, or a substantial investment in, an entity, other than an entity described in subsection (3), for more than 13 consecutive years: (a) the foreign bank; (b) an entity associated with the foreign bank; (c) any other specialized financing entity of the foreign bank; or (d) a specialized financing entity of an entity associated with the foreign bank. Exception (3) A specialized financing entity of the foreign bank controlled by the specialized financing entity of the foreign bank shall not be considered for the purpose of subsection (2). Prior periods not included (4) If a specialized financing entity of the foreign bank or an entity referred to in any of paragraphs (2)(a) to (d) held control of, or a substantial investment in, an entity for a period before becoming that entity, that period shall not be considered for the purpose of subsection (2). SOR/2008-164, s. 3
Specialized Financing (Foreign Banks) Regulations — 4
Ownership restrictions — entities associated with foreign banks 4 (1) An entity associated with a foreign bank shall not acquire or hold control of, or a substantial investment in, a specialized financing entity if (a) the aggregate balance sheet value of the shares and the ownership interests, other than shares or ownership interests held by the specialized financing entity in a specialized financing entity of the entity associated with the foreign bank that it controls, that the following entities hold or would hold in an entity that the specialized financing entity holds control of, or a substantial investment in, is more than $250 million, namely, (i) the specialized financing entity, (ii) the specialized financing entities of the foreign bank, (iii) the specialized financing entities of the entity associated with the foreign bank, (iv) the specialized financing entities of any other entities associated with the foreign bank, (v) the foreign bank, (vi) the entity associated with the foreign bank, and (vii) any other entities associated with the foreign bank; or (b) the specialized financing entity controls or holds shares of, or ownership interests in, any of the entities referred to in subparagraphs 3(1)(b)(i) to (iv). 13 year limit (2) An entity associated with a foreign bank shall not hold control of, or a substantial investment in, a specialized financing entity of the entity associated with the foreign bank if either the specialized financing entity of the entity associated with the foreign bank or the specialized financing entity of the entity associated with the foreign bank and one or more of the following entities, one after another, have held control of, or a substantial investment in, an entity, other than an entity described in subsection (3), for more than 13 consecutive years: (a) the foreign bank; (b) the entity associated with the foreign bank; (c) any other entity associated with the foreign bank; (d) any specialized financing entity of the foreign bank; (e) any other specialized financing entity of the entity associated with the foreign bank; or (f) a specialized financing entity of any other entity associated with the foreign bank. Exception (3) A specialized financing entity of the entity associated with the foreign bank controlled by the specialized financing entity of the entity associated with the foreign bank shall not be considered for the purpose of subsection (2). Prior periods not included (4) If a specialized financing entity of the entity associated with the foreign bank or an entity referred to in any of paragraphs (2)(a) to (f) held control of, or a substantial investment in, an entity for a period before becoming that entity, that period shall not be considered for the purpose of subsection (2). SOR/2008-164, s. 4
Specialized Financing (Foreign Banks) Regulations — Coming into force
Coming into force * 5 These Regulations come into force on the day on which sections 522.11, 522.23 and 978 of the Bank Act , as enacted by sections 132 and 183 of the Financial Consumer Agency of Canada Act , chapter 9 of the Statutes of Canada, 2001, come into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Subsidiaries that Hold Bank Holding Company Shares Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978 a of the Bank Act b , hereby makes the annexed Subsidiaries that Hold Bank Holding Company Shares Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Subsidiaries that Hold Bank Holding Company Shares Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) distribution means (a) a trade by or on behalf of a bank holding company in securities of the bank holding company that have not previously been issued; or (b) a trade in previously issued securities of a bank holding company from the holdings of any person or group of persons who act in concert and who hold in excess of 10% of the shares of any class of voting shares of the bank holding company. ( mise en circulation ) regulated securities entity means a financial institution whose primary business is dealing in securities and that is regulated in its securities dealings by an Act of Parliament or of the legislature of a province or by the laws of a foreign country. ( entité de valeurs mobilières réglementée )
Subsidiaries that Hold Bank Holding Company Shares Regulations — (a)
distribution means (a) a trade by or on behalf of a bank holding company in securities of the bank holding company that have not previously been issued; or (b) a trade in previously issued securities of a bank holding company from the holdings of any person or group of persons who act in concert and who hold in excess of 10% of the shares of any class of voting shares of the bank holding company. ( mise en circulation )
Subsidiaries that Hold Bank Holding Company Shares Regulations — Subsidiaries that Hold Bank Holding Company Shares Regulations
regulated securities entity means a financial institution whose primary business is dealing in securities and that is regulated in its securities dealings by an Act of Parliament or of the legislature of a province or by the laws of a foreign country. ( entité de valeurs mobilières réglementée )
Subsidiaries that Hold Bank Holding Company Shares Regulations — 2
Where subsidiary may hold shares 2 For the purpose of paragraph 714(c) of the Act, a bank holding company may, subject to section 3, permit a subsidiary of the bank holding company that is a regulated securities entity to hold shares of the bank holding company if the aggregate value of shares of the bank holding company held by all subsidiaries of the bank holding company that are regulated securities entities, other than shares referred to in section 716 of the Act, does not exceed 1% of the regulatory capital of the bank holding company.
Subsidiaries that Hold Bank Holding Company Shares Regulations — 3
Exception for securities underwriter 3 If a subsidiary of a bank holding company is a regulated securities entity and is acting as a securities underwriter in connection with a distribution of shares of the bank holding company, the bank holding company may permit the subsidiary to hold shares of the bank holding company in excess of the limit set out in section 2 until the distribution is ended.
Subsidiaries that Hold Bank Holding Company Shares Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which section 714 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. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Subsidiaries that Hold Insurance Holding Company Shares Regulations — a
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Subsidiaries that Hold Insurance Holding Company Shares Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Subsidiaries that Hold Insurance Holding Company Shares Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies Act . ( Loi ) distribution means (a) a trade by or on behalf of an insurance holding company in securities of the insurance holding company that have not previously been issued; or (b) a trade in previously issued securities of an insurance holding company from the holdings of any person or group of persons who act in concert and who hold in excess of 10% of the shares of any class of voting shares of the insurance holding company. ( mise en circulation ) regulated securities entity means a financial institution whose primary business is dealing in securities and that is regulated in its securities dealings by an Act of Parliament or of the legislature of a province or by the laws of a foreign country. ( entité de valeurs mobilières réglementée )
Subsidiaries that Hold Insurance Holding Company Shares Regulations — Subsidiaries that Hold Insurance Holding Company Shares Regulations
Act means the Insurance Companies Act . ( Loi )
Subsidiaries that Hold Insurance Holding Company Shares Regulations — (a)
distribution means (a) a trade by or on behalf of an insurance holding company in securities of the insurance holding company that have not previously been issued; or (b) a trade in previously issued securities of an insurance holding company from the holdings of any person or group of persons who act in concert and who hold in excess of 10% of the shares of any class of voting shares of the insurance holding company. ( mise en circulation )
Subsidiaries that Hold Insurance Holding Company Shares Regulations — Subsidiaries that Hold Insurance Holding Company Shares Regulations
regulated securities entity means a financial institution whose primary business is dealing in securities and that is regulated in its securities dealings by an Act of Parliament or of the legislature of a province or by the laws of a foreign country. ( entité de valeurs mobilières réglementée )
Subsidiaries that Hold Insurance Holding Company Shares Regulations — 2
Where subsidiary may hold shares 2 For the purpose of paragraph 753(c) of the Act, an insurance holding company may, subject to section 3, permit a subsidiary of the insurance holding company that is a regulated securities entity to hold shares of the insurance holding company if the aggregate value of shares of the insurance holding company held by all subsidiaries of the insurance holding company that are regulated securities entities, other than shares referred to in section 755 of the Act, does not exceed 1% of the regulatory capital of the insurance holding company.
Subsidiaries that Hold Insurance Holding Company Shares Regulations — 3
Exception for securities underwriter 3 If a subsidiary of an insurance holding company is a regulated securities entity and is acting as a securities underwriter in connection with a distribution of shares of the insurance holding company, the insurance holding company may permit the subsidiary to hold shares of the insurance holding company in excess of the limit set out in section 2 until the distribution is ended.
Subsidiaries that Hold Insurance Holding Company Shares Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which section 753 of the Insurance Companies Act , as enacted by section 465 of the Financial Consumer Agency of Canada Act , chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Total Assets for Public Holding Requirements (Trust and Loan Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 531 a of the Trust and Loan Companies Act b , hereby makes the annexed Total Assets for Public Holding Requirements (Trust and Loan Companies) Regulations . a S.C. 2001, c. 9, s. 569 b S.C. 1991, c. 45
Total Assets for Public Holding Requirements (Trust and Loan Companies) Regulations — 1
Definition of total assets 1 For the purpose of subsection 380(3) of the Trust and Loan Companies Act , total assets , in respect of a company, at a particular time, means the total value of the assets that would be reported on its balance sheet, prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 313(4) of that Act.
Total Assets for Public Holding Requirements (Trust and Loan Companies) Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which section 3 of the Financial Consumer Agency of Canada Act , chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Total Assets for Supervisability and Public Holding Requirements (Banks and Bank Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978 a of the Bank Act b , hereby makes the annexed Total Assets for Supervisability and Public Holding Requirements (Banks and Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Total Assets for Supervisability and Public Holding Requirements (Banks and Bank Holding Companies) Regulations — 1
Definition of total assets 1 For the purposes of subsections 54.1(4), 386(3) and 895(3) of the Bank Act , total assets , in respect of a bank or a bank holding company, at a particular time, means the total value of the assets that would be reported on its balance sheet, prepared as at that time in accordance with the accounting principles and specifications of the Superintendant referred to in subsection 308(4) or 840(4), as the case may be, of that Act.
Total Assets for Supervisability and Public Holding Requirements (Banks and Bank Holding Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which subsection 54.1(4) of the Bank Act , as enacted by section 57 of the Financial Consumer Agency of Canada Act , chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations — 1
Definition of total assets 1 For the purpose of the definition total assets in subsection 2(1) of the Insurance Companies Act , as it applies in sections 59.1, 412 and 939 of that Act, total assets , in respect of a company or an insurance holding company, at a particular time, means the total value of the assets that would be reported on its balance sheet, prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 331(4) or 887(4), as the case may be, of that Act.
Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which subsection 2(1) of the Insurance Companies Act , as enacted by section 345 of the Financial Consumer Agency of Canada Act , chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 429, subsection 431(6) a and section 531 b of the Trust and Loan Companies Act c , hereby makes the annexed Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations . a S.C. 2001, c. 9, s. 541(2) b S.C. 2001, c. 9, s. 569 c S.C. 1991, c. 45
Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Trust and Loan Companies Act .