Bank Act — B-1.01 983
 the bank holding company in the subsidiary’s corporate name or in a name under which it carries on business, or by reason only that it uses any identifying mark of the bank holding company in carrying on its business, so long as, if the subsidiary is not a bank or a subsidiary of a bank, it does not use the word “bank”, “banker” or “banking” in its corporate name, in a name under which it carries on business or in any of its identifying marks. (7.1) [Repealed, 2007, c. 6, s. 129] Permitted use (8) Subject to the regulations, no entity affiliated with a bank holding company commits an offence by reason only that the entity uses the name of the bank holding company in the entity’s corporate name or in a name under which the entity carries on business or by reason only that it uses any identifying mark of the bank holding company in carrying on its business, if the entity does not use the word “bank”, “banker” or “banking” in its corporate name, in a name under which it carries on business or in any of its identifying marks. (8.1) [Repealed, 2007, c. 6, s. 129] Permitted use (9) No subsidiary of a bank holding company commits an offence by reason only that it uses the name of the bank holding company in a description of its corporate relationship to the bank holding company. Permitted use (9.1) Subject to the regulations, no entity affiliated with a bank holding company commits an offence by reason only that the entity uses the name of the bank holding company in a description of the entity’s corporate relationship with the bank holding company. Permitted use (10) Subject to the regulations, no Canadian entity that is an entity associated with a foreign bank commits an offence by reason only that it uses the name of the foreign bank in its corporate name or in a name under which it carries on business, or by reason only that it uses any identifying mark of the foreign bank in carrying on its business, if (a) it does not use the word “bank”, “banker” or “banking” in its corporate name, in a name under which it carries on business or in any of its identifying marks; and (b) the foreign bank has consented to the use. (10.1) [Repealed, 2007, c. 6, s. 129] Permitted use (11) Subject to the regulations, no foreign bank that carries on a business or activity referred to in section 510.1, 522.05, 522.18 or 522.19, and no entity incorporated or formed by or under the laws of a country other than Canada that carries on a business or activity referred to in any of those provisions and that is an entity associated with a foreign bank, commits an offence by reason only that it uses its name or any of its identifying marks if it does not use the word “bank”, “banker” or “banking”. Permitted use — consent (12) No person commits an offence under any of subsections (2) to (3) if the activity referred to in that subsection has been approved by the Superintendent and is in accordance with any terms and conditions that the Superintendent may impose and, if the activity involves the use of the name or any identifying mark of a bank, a bank holding company or a foreign bank, the bank, bank holding company or foreign bank has consented to the use. Words bank , banker or banking (13) For the purposes of this section, the word bank , banker or banking includes (a) any of those words in any language; and (b) any word or words, in any language, that are equivalent to any of those words. Phrase credit union (13.1) For the purposes of this section, the phrase credit union includes (a) that phrase in any language; and (b) any word or words, in any language, that are equivalent to any of the words in that phrase. Words cooperative and federal (13.2) For the purposes of this section, the words cooperative and federal include (a) any of those words in any language; and (b) any word or words, in any language, that are equivalent to any of those words. Entity’s name (14) For the purposes of this section, other than subsection (1), an entity’s name includes (a) a