GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Exemption from Restrictions on Investments (Banks, Bank Holding Companies and Foreign Banks) Regulations — 1
Prescribed circumstances — banks and bank holding companies 1 For the purposes of subparagraphs 468(3)(d)(ii) and 930(3)(d)(ii) of the Bank Act , subsections 468(4) to (6) of the Act do not apply in determining whether a bank would be permitted to acquire a substantial investment in an entity under subsection 466(2), paragraph 466(3)(b) or (c) or subsection 466(4) or 468(1) or (2) of the Act.
Exemption from Restrictions on Investments (Banks, Bank Holding Companies and Foreign Banks) Regulations — 2
Prescribed circumstances — foreign banks and entities associated with foreign banks 2 For the purpose of subparagraph 522.08(2)(d)(ii) of the Bank Act , subsection 522.22(1) of the Act does not apply in determining whether a foreign bank or an entity associated with a foreign bank would be permitted to acquire or hold control of, or a substantial investment in, a Canadian entity under section 522.07, 522.08, any of paragraphs 522.1(a) or (c) to (e) or Division 8 of Part XII of the Act. SOR/2008-160, s. 1
Exemption from Restrictions on Investments (Banks, Bank Holding Companies and Foreign Banks) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which paragraphs 474(a) and (b) and 522.23(b) of the Bank Act , as enacted by sections 127 and 132 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.]
Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 396(a) a and (b) a of the Cooperative Credit Associations Act b , hereby makes the annexed Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations . a S.C. 2001, c. 9, s. 314 b S.C. 1991, c. 48
Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations — 1
Prescribed circumstances 1 For the purposes of subparagraph 390(3)(d)(ii) of the Cooperative Credit Associations Act , subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.
Exemption from Restrictions on Investments (Cooperative Credit Associations) Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which paragraphs 396(a) and (b) of the Cooperative Credit Associations Act , as enacted by section 314 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.]
Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 501(a) a and (b) a and 554(9)(a) b and (b) b of the Insurance Companies Act c , hereby makes the annexed Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations . a S.C. 2001, c. 9, s. 426 b S.C. 2001, c. 9, s. 437 c S.C. 1991, c. 47
Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations — 1
Prescribed circumstances — life companies and insurance holding companies 1 For the purposes of subparagraph 495(3)(d)(ii) and 971(3)(d)(ii) of the Insurance Companies Act , subsections 495(6) to (8) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 493(4) or 495(1) or (2) of the Act.
Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations — 2
Prescribed circumstances — property and casualty companies and marine companies 2 For the purpose of subparagraph 495(5)(d)(ii) of the Insurance Companies Act , subsections 495(6) to (8) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 495(1) or (4) of the Act. SOR/2009-296, s. 29
Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations — 3
Prescribed circumstances — societies 3 For the purpose of subparagraph 554(3)(d)(ii) of the Insurance Companies Act , subsections 554(4) and (5) of the Act do not apply in determining whether a society would be permitted to acquire a substantial investment in an entity under subsection 552(2), paragraph 552(3)(b) or (c) or subsection 554(1) or (2) of the Act.
Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which paragraphs 501(a) and (b) and 554(9)(a) and (b) of the Insurance Companies Act , as enacted by sections 426 and 437 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.]
Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraphs 459(a) a and (b) a of the Trust and Loan Companies Act b , hereby makes the annexed Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations . a S.C. 2001, c. 9, s. 550 b S.C. 1991, c. 45
Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations — 1
Prescribed circumstances 1 For the purposes of subparagraph 453(3)(f)(ii) of the Trust and Loan Companies Act , subsections 453(4) to (6) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 451(2), paragraph 451(3)(b) or (c) or subsection 451(4) or 453(1) or (2) of the Act.
Exemption from Restrictions on Investments (Trust and Loan Companies) Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which paragraphs 459(a) and (b) of the Trust and Loan Companies Act , as enacted by section 550 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.]
Factoring Entity Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978 a of the Bank Act b , 463 c of the Cooperative Credit Associations Act d , 1021 e of the Insurance Companies Act f and 531 g of the Trust and Loan Companies Act h , hereby makes the annexed Factoring Entity Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46 c S.C. 2001, c. 9, s. 339 d S.C. 1991, c. 48 e S.C. 2001, c. 9, s. 465 f S.C. 1991, c. 47 g S.C. 2001, c. 9, s. 569 h S.C. 1991, c. 45
Factoring Entity Regulations — 1
Definition of factoring entity 1 For the purpose of the definition factoring entity in subsections 464(1) of the Bank Act , 386(1) of the Cooperative Credit Associations Act , 490(1) of the Insurance Companies Act and 449(1) of the Trust and Loan Companies Act , and in subparagraph 522.22(1)(b)(i) of the Bank Act , factoring entity means an entity the activities of which are limited to acting as a factor in respect of accounts receivable, which activities include the raising of money for the purpose of acting as a factor and the lending of money while acting as a factor.
Factoring Entity Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which sections 464 and 522.22 of the Bank Act , 386 of the Cooperative Credit Associations Act , 490 of the Insurance Companies Act and 449 of the Trust and Loan Companies Act , as enacted by sections 127, 132, 314, 426 and 550, respectively, 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.]
Finance Entity Regulations — Finance Entity Regulations
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978 a of the Bank Act b , 463 c of the Cooperative Credit Associations Act d , 1021 e of the Insurance Companies Act f and 531 g of the Trust and Loan Companies Act h , hereby makes the annexed Finance Entity Regulations .
Finance Entity Regulations — 1
Definition of finance entity 1 (1) Subject to subsection (2), for the purposes of the definition finance entity in subsections 464(1) and 507(1) of the Bank Act , 386(1) of the Cooperative Credit Associations Act , 490(1) of the Insurance Companies Act and 449(1) of the Trust and Loan Companies Act , finance entity means an entity that engages in a business that includes (a) issuing payment, credit or charge cards and, in cooperation with others including financial institutions, operating a payment, credit or charge card plan; or (b) making or refinancing loans or entering into any other similar arrangements for advancing funds or credit. Non-application (2) The definition in subsection (1) does not apply to (a) a financial institution; (b) a factoring entity; (c) a financial leasing entity; or (d) a specialized financing entity, if it makes or refinances loans to, or enters into any other similar arrangements for advancing funds or credit with, only entities that it controls or in which it holds a substantial investment.
Finance Entity Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which sections 464 and 507 of the Bank Act , 386 of the Cooperative Credit Associations Act , 490 of the Insurance Companies Act and 449 of the Trust and Loan Companies Act , as enacted by sections 127, 132, 314, 426 and 550, respectively, 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.]
Financial Leasing Entity 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 , 463 c of the Cooperative Credit Associations Act d , 1021 e of the Insurance Companies Act f and 531 g of the Trust and Loan Companies Act h , hereby makes the annexed Financial Leasing Entity Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46 c S.C. 2001, c. 9, s. 339 d S.C. 1991, c. 48 e S.C. 2001, c. 9, s. 465 f S.C. 1991, c. 47 g S.C. 2001, c. 9, s. 569 h S.C. 1991, c. 45
Financial Leasing Entity Regulations — 1
Definition of estimated residual value 1 In these Regulations, estimated residual value means, in respect of personal property that is the subject of a financial lease agreement with a financial leasing entity, the value of the property immediately after the end of the lease agreement, as estimated by the financial leasing entity at the time the lease agreement was entered into.
Financial Leasing Entity Regulations — 2
Purposes of definition financial leasing entity 2 For the purposes of the definition financial leasing entity in subsection 464(1) of the Bank Act , subsection 386(1) of the Cooperative Credit Associations Act , subsection 490(1) of the Insurance Companies Act and subsection 449(1) of the Trust and Loan Companies Act and in these Regulations, (a) gross vehicle weight means, in respect of a motor vehicle, the gross vehicle weight that is specified by the manufacturer of the motor vehicle as the loaded weight of (i) the motor vehicle, or (ii) in the case of a motor vehicle designed to pull a trailer, the motor vehicle with the trailer; and (b) personal household property means personal property that is (i) leased by a natural person under a financial lease agreement or purchased by a natural person under a conditional sales agreement, and (ii) intended primarily for the personal use or enjoyment of the lessee or purchaser or of a natural person who is not dealing with the lessee or purchaser at arm’s length.
Financial Leasing Entity Regulations — 3
Permitted related activities 3 For the purposes of the definition financial leasing entity in subsection 464(1) of the Bank Act , subsection 386(1) of the Cooperative Credit Associations Act , subsection 490(1) of the Insurance Companies Act and subsection 449(1) of the Trust and Loan Companies Act , a financial leasing entity may carry on the following activities that are related to the financial leasing of personal property: (a) subject to sections 4 to 6, the entering into and the acceptance of assignment of conditional sales agreements in respect of personal property; (b) the administration of financial lease agreements and conditional sales agreements on behalf of any person; and (c) the raising of money for the purpose of financing the activities of the financial leasing entity and the investment of that money pending its use for those activities.
Financial Leasing Entity Regulations — 4
Application 4 Sections 5 to 8 apply in respect of the activities of a financial leasing entity that are conducted in Canada.
Financial Leasing Entity Regulations — 5
Restrictions and limitations on activities 5 No financial leasing entity may (a) direct its customers or potential customers to particular dealers in respect of personal property that is conditionally sold, or that is to be conditionally sold, under a conditional sales agreement with the financial leasing entity; (b) enter into, or accept assignment of, a conditional sales agreement in respect of a motor vehicle having a gross vehicle weight that is less than 21 tonnes; (c) enter into, or accept assignment of, a conditional sales agreement with a natural person in respect of personal household property; (d) enter into, or accept assignment of, a financial lease agreement or conditional sales agreement other than a financial lease agreement or conditional sales agreement the primary purpose of which is the extending of credit to a lessee or purchaser; (e) enter into a financial lease agreement or a conditional sales agreement in respect of personal property, including personal property that is affixed to real property, that is to be leased or purchased, but not including personal property that was (i) selected by the lessee or purchaser and acquired by the financial leasing entity at the request of the lessee or purchaser, or (ii) previously acquired by the financial leasing entity in respect of another financial lease agreement or conditional sales agreement; or (f) enter into a financial lease agreement or conditional sales agreement that entails responsibility on the part of the financial leasing entity to install, promote, service, clean, maintain or repair the property that is the subject of the agreement.
Financial Leasing Entity Regulations — 6
Warrantees 6 Every financial lease agreement or conditional sales agreement entered into by a financial leasing entity must include a provision assigning to the lessee or purchaser, or setting out the responsibilities of the financial leasing entity in respect of, the benefit of all warranties, guarantees or other undertakings made by a manufacturer or supplier in respect of the personal property that is the subject of the agreement.
Financial Leasing Entity Regulations — 7
Rate of return 7 (1) A financial leasing entity must ensure that every financial lease agreement entered into by it yields (a) a return to the financial leasing entity that is not less than its full investment in the property that is the subject of the agreement; and (b) a rate of return that is reasonable, taking into account the term and the other conditions of the agreement and the rate of return sought by other lessors in respect of the financial leasing of similar property under similar terms and conditions. Factors to be considered (2) For the purpose of subsection (1), the calculation of the return under a financial lease agreement must take into account (a) rental charges that have been or are to be paid by the lessee under the lease agreement; (b) estimated tax benefits accruing to the financial leasing entity on account of the lease agreement, including tax credits and capital cost allowance claims; and (c) either (i) if the lessee or a third party who is dealing at arm’s length with the financial leasing entity has, on or before the commencement of the lease agreement, contracted to purchase the leased property or has unconditionally guaranteed the resale value of the leased property at the date of the end of the lease agreement, the amount of the purchase price or resale value, or (ii) in any other case, the amount of the estimated residual value of the property or 25% of the cost of acquisition of the property by the financial leasing entity, whichever is the lesser.
Financial Leasing Entity Regulations — 8
Limit 8 The sum of the estimated residual values of all leased properties held by a financial leasing entity that are referred to in subparagraph 7(2)(c)(ii) must not at any time be more than 10% of the sum of the costs of acquisition of those leased properties by the financial leasing entity.
Financial Leasing Entity Regulations — Coming into force
Coming into force * 10 These Regulations come into force on the day that subsections 464(1) of the Bank Act , 386(1) of the Cooperative Credit Associations Act , 490(1) of the Insurance Companies Act and 449(1) of the Trust and Loan Companies Act , as enacted by sections 127, 314, 426, and 550 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.]
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — a
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsections 410(3) a and 539(3) b of the Bank Act c , hereby makes the annexed Information Processing Activities (Banks and Authorized Foreign Banks) Regulations . a S.C. 2001, c. 9, s. 100(2) b S.C. 2001, c. 9, s. 139(3) c S.C. 1991, c. 46
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — 1
Definitions 1 The definitions in this section apply in these Regulations. Act means the Bank Act . ( Loi ) information processing activity means, in relation to a bank, an activity referred to in any of subparagraphs 410(1)(c)(i) to (iv) of the Act, and in relation to an authorized foreign bank, an activity referred to in any of subparagraphs 539(1)(b.1)(i) to (iv) of the Act. ( activité de traitement de l’information ) specified circumstances means circumstances where the information processing activity (a) is related to generating, recording or reporting on postings to accounts; (b) was first carried on by the bank or authorized foreign bank for its own internal purposes and is an integral part of its banking operations; or (c) is related to payments from and deposits to accounts and was carried on by the bank before December 1, 1980. ( circonstances déterminées )
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — Information Processing Activities (Banks and Authorized Foreign Banks) Regulations
information processing activity means, in relation to a bank, an activity referred to in any of subparagraphs 410(1)(c)(i) to (iv) of the Act, and in relation to an authorized foreign bank, an activity referred to in any of subparagraphs 539(1)(b.1)(i) to (iv) of the Act. ( activité de traitement de l’information )
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — (a)
specified circumstances means circumstances where the information processing activity (a) is related to generating, recording or reporting on postings to accounts; (b) was first carried on by the bank or authorized foreign bank for its own internal purposes and is an integral part of its banking operations; or (c) is related to payments from and deposits to accounts and was carried on by the bank before December 1, 1980. ( circonstances déterminées )
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — 3
Information about client’s business 3 If a bank or authorized foreign bank directly or indirectly carries on in Canada an information processing activity with respect to which it is exempted under section 2, it must, at the request of a client and on the payment of a reasonable fee, make available to the client within a reasonable time after the request, in machine-readable or printed form, at the option of the client, any information concerning the business of the client that is acquired in the course of carrying on the information processing.
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which paragraphs 410(3)(a) to (c) and 539(3)(a) to (c) of the Bank Act , as enacted by subsections 100(2) and 139(3) 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.]
Investment Limits (Bank Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 929 a , 941 a and 978 a of the Bank Act b , hereby makes the annexed Investment Limits (Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46