Canada Pension Plan Investment Board Regulations — 1
1 The definitions in this section apply in these Regulations. Act means the Canada Pension Plan Investment Board Act . ( Loi ) Canadian corporation means a body corporate incorporated or formed by or under an Act of Parliament or the legislature of a province. ( société canadienne ) Canadian resource property has the same meaning as in paragraph (c) of the definition Canadian resource property in subsection 66(15) of the Income Tax Act . ( avoir minier canadien ) child , in respect of a person, means (a) a natural or adopted child of the person or the child’s spouse; or (b) a natural or adopted child of the person’s spouse or the child’s spouse. ( enfant ) debt obligation means a bond, debenture, note or other evidence of indebtedness of an entity. ( titre de créance ) derivative means a financial instrument or agreement whose value is derived from or is based on an underlying asset or the relationship between two underlying assets, other than (a) a convertible security; (b) an asset-backed security; (c) a security of a mutual fund; (d) an index participation unit; (e) a security of a non-redeemable fund; (f) a government or corporate strip bond; or (g) a listed dividend share of a subdivided equity or fixed income security. ( instrument dérivé ) entity [Repealed, SOR/2010-284, s. 1] financial institution means (a) a bank; (b) a body corporate to which the Trust and Loan Companies Act applies; (c) a cooperative credit society to which the Cooperative Credit Associations Act applies; (d) an insurance company to which the Insurance Companies Act applies; (e) a trust, loan or insurance corporation incorporated by or under an Act of the legislature of a province; (f) a cooperative credit society incorporated and regulated by or under an Act of the legislature of a province; (g) an entity that is incorporated or formed by or under an Act of Parliament or of the legislature of a province and that is primarily engaged in dealing in securities, including portfolio management and investment counselling; or (h) a foreign institution. ( institution financière ) foreign institution means an entity that is (a) engaged in the business of banking, the trust, loan or insurance business, the business of a cooperative credit society or the business of dealing in securities or is engaged primarily in the business of providing financial services; and (b) incorporated or formed otherwise than by or under an Act of Parliament or of the legislature of a province. ( institution étrangère ) loan includes a deposit, financial lease, conditional sales contract, repurchase agreement and any other similar arrangement for obtaining money or credit, but does not include investments in securities or the making of an acceptance, endorsement or other guarantee. ( prêt ) market terms and conditions , in respect of a transaction, means terms and conditions, including those relating to price, rent or interest rate, that would apply to a similar transaction in an open market under conditions requisite to a fair transaction between parties who are at arm’s length and acting prudently, knowledgeably and willingly. ( conditions du marché ) person includes an entity. ( personne ) public exchange means a market for the trading of securities that is recognized by an appropriate governmental authority. ( bourse ) real property includes a leasehold interest in real property. ( biens immeubles ) related party means a person who is (a) a director, officer or employee of the Board, (b) a person responsible for holding or investing the assets of the Board, or any officer, director or employee of the person, (c) the spouse or a child of any person referred to in paragraph (a) or (b), (d) a corporation that is directly or indirectly controlled by a person referred to in any of paragraphs (a) to (c), or (e) an entity in which a person referred to in paragraph (a), (b) or (c) has a substantial investment, It does not include Her Majesty in right of Canada or of a province, or an