Canada Deposit Insurance Corporation Act — C-3 2
Definitions 2 In this Act, affairs , with respect to a member institution, means its business and the relationships among the member institution and its affiliates and the shareholders, directors and officers of the member institution and its affiliates; ( affaires internes ) affiliate , in respect of a member institution that is (a) a bank, means an entity that is affiliated with the bank within the meaning of the Bank Act , or (b) other than a bank, means an entity that would be affiliated with the member institution within the meaning of the Bank Act if the member institution were a bank to which that Act applies; ( groupe ) appropriate provincial minister , in relation to a provincial institution, means the minister of the Crown of the province of incorporation of the institution responsible for the supervision of the provincial institution; ( ministre provincial compétent ) bank means a bank listed in Schedule I or II to the Bank Act ; ( banque ) Board means the Board of Directors of the Corporation; ( conseil ) bridge institution means a federal institution that is designated as a bridge institution by an order made under paragraph 39.13 (1)(c); ( institution-relais ) by-laws means the by-laws of the Corporation; ( règlements administratifs ) Chairman [Repealed, 1996, c. 6, s. 21] Chairperson means the Chairperson of the Board; ( président ) Corporation means the Canada Deposit Insurance Corporation established by section 3; ( Société ) deposit and depositor mean respectively a deposit and a depositor as defined in the schedule; ( dépôt et déposant ) deposit insurance means the insurance referred to in paragraph 7(a); ( assurance-dépôts ) domestic systemically important bank has the same meaning as in section 2 of the Bank Act ; ( banque d’importance systémique nationale ) federal credit union has the same meaning as in section 2 of the Bank Act ; ( coopérative de crédit fédérale ) federal institution means a bank, company or association referred to in section 8; ( institution fédérale ) federal member institution means a federal institution that is a member institution; ( institution fédérale membre ) local cooperative credit society has the same meaning as in section 2 of the Bank Act ; ( société coopérative de crédit locale ) member institution means a corporation that has deposit insurance under this Act; ( institution membre ) Minister means the Minister of Finance; ( ministre ) nominee broker means a person who is a party to an agreement or arrangement with a member institution in order to make deposits as a nominee on behalf of another person; ( courtier-fiduciaire ) nominee broker deposit means a deposit made at a member institution by a nominee broker acting as a nominee on behalf of another person; ( dépôt de courtier-fiduciaire ) policy of deposit insurance or policy means the instrument evidencing the deposit insurance of a member institution; ( police d’assurance-dépôts ou police ) premium year means, in relation to the calculation and payment of premiums pursuant to this Act, the period beginning on May 1 in one year and ending on April 30 in the next year; ( exercice comptable des primes ) professional trustee means any of the following who is not a nominee broker: (a) the public trustee of a province or a similar public official whose duties involve holding moneys in trust for others; (b) a federal, provincial or municipal government, or a department or agency of such a government; (c) a lawyer or partnership of lawyers, a law corporation, or a notary or partnership of notaries in the province of Quebec, when they act in that capacity as a trustee of moneys for others; (d) a person who is acting as a trustee of moneys for others in the course of business and is required by or under a statute to hold the deposit in trust; (e) a person who is acting as a trustee of moneys for others in the course of business and is subject to the rules of a securities commission, stock exchange or other regulatory or self-r