GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations — 2
Information to be provided orally 2 (1) For the purpose of subsection 431(3) of the Act, the following information is prescribed as the information to be provided to the customer orally: (a) the fact that the customer is receiving by telephone only part of the information relating to the deposit account charges and terms and that full disclosure in writing will be provided within seven business days after the account is opened; (b) the fact that the customer may, within 14 business days after the deposit account has been opened, close the account without charge and, in such a case, is entitled to a refund of any charges related to the operation of the account, other than interest charges, incurred while the account was open; (c) for a fixed-rate interest-bearing deposit account, the interest rate applicable to the account and how the amount of interest to be paid is to be calculated; (d) for a variable-rate interest-bearing deposit account, the current interest rate, the manner by which the rate and amount of interest to be paid is to be calculated, and how, in the future, the customer may obtain information on the interest rate applicable to the account; (e) [Repealed, SOR/2021-126, s. 1] (f) for a deposit account that does not have a fixed monthly charge for a service package, the applicable charges for monthly statements of account, passbook updates, cash withdrawals, cheque withdrawals, debit payment purchases, preauthorized debits, bill payments, transfers between accounts and, if cheques are offered to the customer at the time the account is opened, cheque orders; and (g) for a deposit account that has a fixed monthly charge for a service package, (i) the principal features of the package, including the monthly charge, the number and type of permitted transactions per billing cycle, and (ii) the applicable charges for additional transactions described in paragraph (f). Generic terms permitted (2) A company may, for the purpose of providing the information required under paragraphs (1)(f) and (g), group similar types of transactions for which the company charges the same amount under a generic term. SOR/2021-126, s. 1
Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations — 3
Deemed time of disclosure 3 For the purpose of subsection 431(4) of the Act, if a company sends the agreement and information referred to in subsection 431(1) of the Act to a customer by mail, they are deemed to have been provided by the company to the customer on the fifth day after the postmark date on the agreement and information. SOR/2009-57, s. 1
Disclosure on Account Opening by Telephone Request (Trust and Loan Companies) Regulations — 4
Coming into force 4 These Regulations come into force on the day on which they are registered.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 18(3) and section 32 of the Financial Consumer Agency of Canada Act a , hereby makes the annexed Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations . a S.C. 2001, c. 9
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Financial Consumer Agency of Canada Act . ( Loi ) authorized foreign bank has the same meaning as in section 2 of the Bank Act . ( banque étrangère autorisée ) bank has the same meaning as in section 2 of the Bank Act . ( banque ) foreign life company has the same meaning as in section 571 of the Insurance Companies Act . ( société d’assurance-vie étrangère ) insurance company means (a) a company or foreign company to which the Insurance Companies Act applies; or (b) Green Shield Canada. ( société d’assurances ) life company has the same meaning as in subsection 2(1) of the Insurance Companies Act . ( société d’assurance-vie ) retail association has the same meaning as in section 2 of the Cooperative Credit Associations Act . ( association de détail ) trust and loan company means a company to which the Trust and Loan Companies Act applies. ( société de fiducie et de prêt )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
Act means the Financial Consumer Agency of Canada Act . ( Loi )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
authorized foreign bank has the same meaning as in section 2 of the Bank Act . ( banque étrangère autorisée )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
bank has the same meaning as in section 2 of the Bank Act . ( banque )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
foreign life company has the same meaning as in section 571 of the Insurance Companies Act . ( société d’assurance-vie étrangère )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — (a)
insurance company means (a) a company or foreign company to which the Insurance Companies Act applies; or (b) Green Shield Canada. ( société d’assurances )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
life company has the same meaning as in subsection 2(1) of the Insurance Companies Act . ( société d’assurance-vie )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
retail association has the same meaning as in section 2 of the Cooperative Credit Associations Act . ( association de détail )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations
trust and loan company means a company to which the Trust and Loan Companies Act applies. ( société de fiducie et de prêt )
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 2
Determination by the Commissioner 2 The Commissioner shall, before December 31 in each calendar year, ascertain (a) the average total assets in Canada during the fiscal year ending on March 31 of that year of each bank, authorized foreign bank and trust and loan company; (b) the average total assets in Canada during the immediately preceding calendar year of each retail association; (c) the total amount of the net revenue received in Canada during the immediately preceding calendar year by Green Shield Canada from its prepayment plans other than administrative services only plans; and (d) the total amount of net premiums received in Canada during the immediately preceding calendar year by each company and foreign company to which the Insurance Companies Act applies.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 3
Amount to be assessed 3 (1) For the purpose of subsection 18(3) of the Act and subject to subsection (2), the amount assessed by the Commissioner against each financial institution in respect of any fiscal year shall be equal to the base assessment determined for the financial institution in accordance with sections 4 to 8, less any interim assessment prepared against the financial institution pursuant to subsection 18(4) of the Act. Exception (2) No assessment is payable in any fiscal year by a financial institution with respect to which the Minister has approved an application for voluntary liquidation and dissolution before the beginning of that fiscal year or with respect to which a court has made a winding-up order under the Winding-up and Restructuring Act before the beginning of that fiscal year.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 4
Base assessment 4 The base assessment of a financial institution that is a bank or an authorized foreign bank shall be equal to, for any fiscal year, the aggregate of (a) $1,000 and (b) the amount determined by the formula (A - B) × C / D where A is the amount of the expenses that are ascertained pursuant to subsection 18(1) of the Act as having been incurred during the fiscal year for or in connection with the administration of (i) the Act, to the extent that those expenses are attributable to banks and authorized foreign banks, and (ii) the provisions referred to in paragraph (a) of the definition consumer provision in section 2 of the Act, B is the aggregate of all the amounts assessed under paragraph (a) against all financial institutions that are banks or authorized foreign banks, C is the average total assets in Canada of the financial institution, ascertained pursuant to paragraph 2(a), and D is the aggregate of the average total assets in Canada for all financial institutions that are banks or authorized foreign banks, other than an institution referred to in subsection 3(2), ascertained pursuant to paragraph 2(a).
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 5
Base assessment 5 The base assessment of a financial institution that is a trust and loan company shall be equal to, for any fiscal year, (a) where the amount determined by the formula A × B / C is equal to or less than $1,000, the amount of $1,000, and (b) otherwise, the aggregate of $1,000 and the amount determined by the formula (B - D) × A / E where A is the average total assets in Canada of the trust and loan company, ascertained pursuant to paragraph 2(a), B is the amount of the expenses that are ascertained pursuant to subsection 18(1) of the Act as having been incurred during the fiscal year for or in connection with the administration of (i) the Act, to the extent that those expenses are attributable to trust and loan companies, and (ii) the provisions referred to in paragraph (d) of the definition consumer provision in section 2 of the Act, C is the aggregate of the average total assets in Canada for all trust and loan companies, other than an institution referred to in subsection 3(2), ascertained pursuant to paragraph 2(a), D is the product obtained by multiplying $1,000 by the number of trust and loan companies assessed pursuant to subsection 18(3) of the Act in respect of that fiscal year, and E is the aggregate of the average total assets in Canada, ascertained pursuant to paragraph 2(a), for each trust and loan company, other than an institution referred to in subsection 3(2), in respect of which the amount determined by the formula A × B / C is greater than $1,000.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 6
Base assessment 6 The base assessment of a financial institution that is a retail association shall be equal to, for any fiscal year, (a) where the amount determined by the formula A × B / C is equal to or less than $1,000, the amount of $1,000, and (b) otherwise, the aggregate of $1,000 and the amount determined by the formula (B - D) × A / E where A is the average total assets in Canada of the retail association, ascertained pursuant to paragraph 2(b), B is the amount of the expenses that are ascertained pursuant to subsection 18(1) of the Act as having been incurred during the fiscal year for or in connection with the administration of (i) the Act, to the extent that those expenses are attributable to retail associations, and (ii) the provisions referred to in paragraph (b) of the definition consumer provision in section 2 of the Act, C is the aggregate of the average total assets in Canada for all retail associations, other than an institution referred to in subsection 3(2), ascertained pursuant to paragraph 2(b), D is the product obtained by multiplying $1,000 by the number of retail associations assessed pursuant to subsection 18(3) of the Act in respect of that fiscal year, and E is the aggregate of the average total assets in Canada, ascertained pursuant to paragraph 2(b), for each retail association, other than an institution referred to in subsection 3(2), in respect of which the amount determined by the formula A × B / C is greater than $1,000.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 7
Base assessment 7 The base assessment of a financial institution that is a life company or a foreign life company shall be equal to, for any fiscal year, (a) where the amount determined by the formula A × C / E is equal to or less than $1,000, the amount of $1,000, and (b) otherwise, the aggregate of $1,000 and the amount determined by the formula (C - D) × A / B where A is the total amount of net premiums received in Canada by the financial institution, ascertained pursuant to paragraph 2(d), B is the aggregate of the amounts determined for A, in respect of all financial institutions that are life companies or foreign life companies, other than an institution referred to in subsection 3(2), in respect of which the amount determined by the formula A × C / E is greater than $1,000, C is the amount of the expenses that are ascertained pursuant to subsection 18(1) of the Act as having been incurred during the fiscal year for or in connection with the administration of (i) the Act, to the extent that those expenses are attributable to life companies and foreign life companies, and (ii) the provisions referred to in paragraph (c) of the definition consumer provision in section 2 of the Act, to the extent that those expenses are attributable to life companies and foreign life companies, D is the product obtained by multiplying $1,000 by the number of life companies and foreign life companies assessed pursuant to subsection 18(3) of the Act in respect of that fiscal year, and E is the aggregate of the amounts determined for A, in respect of all financial institutions that are life companies or foreign life companies, other than an institution referred to in subsection 3(2).
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 8
Green Shield Canada 8 (1) For the purpose of this section, Green Shield Canada shall be considered to be a property and casualty company within the meaning of subsection 2(1) of the Insurance Companies Act . Base assessment (2) The base assessment of a financial institution that is an insurance company, other than one referred to in section 7, shall be equal to, for any fiscal year, (a) where the amount determined by the formula A × C / E is equal to or less than $1,000, the amount of $1,000, and (b) otherwise, the aggregate of $1,000 and the amount determined by the formula (C - D) × A / B where A is (i) if the insurance company is Green Shield Canada, the total amount of net revenue received in Canada from its prepayment plans other than administrative services only plans, ascertained pursuant to paragraph 2(c), and (ii) if the insurance company is not Green Shield Canada or an insurance company referred to in section 7, the total amount of net premiums received by it in Canada, ascertained pursuant to paragraph 2(d), B is the aggregate of the amounts determined for A, in respect of all financial institutions that are insurance companies, other than those referred to in subsection 3(2) and section 7, in respect of which the amount determined by the formula A × C / E is greater than $1,000, C is the amount of the expenses that are ascertained pursuant to subsection 18(1) of the Act as having been incurred during the fiscal year for or in connection with the administration of (i) the Act, to the extent that those expenses are attributable to insurance companies other than ones referred to in section 7, (ii) the provisions referred to in paragraph (c) of the definition consumer provision in section 2 of the Act, to the extent that those expenses are attributable to insurance companies other than ones referred to in section 7, and (iii) the provisions referred to in paragraph (e) of the definition consumer provision in section 2 of the Act, D is the product obtained by multiplying $1,000 by the number of insurance companies, other than those referred to in section 7, assessed pursuant to subsection 18(3) of the Act in respect of that fiscal year, and E is the aggregate of the amounts determined in A, in respect of all financial institutions that are insurance companies, other than those referred to in subsection 3(2) and section 7.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — 9
Notice in writing 9 The Commissioner shall send to each financial institution a notice in writing of the assessment against it.
Financial Consumer Agency of Canada Assessment of Financial Institutions Regulations — Coming into force
Coming into force * 10 These Regulations come into force on the day on which section 32 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.]
Money Market Mutual Fund Conditions Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 35(1) a of the Canadian Payments Act b , hereby makes the annexed Money Market Mutual Fund Conditions Regulations . a S.C. 2001, c. 9, s. 243 b S.C. 2001, c. 9, s. 218
Money Market Mutual Fund Conditions Regulations — Money Market Mutual Fund Conditions Regulations
approved credit rating , in respect of a security or instrument of a type described in the heading of column 2 or 3 of the schedule, means a rating that has been issued by an approved credit rating organization set out in column 1 of an item of the schedule and that is at or above the rating category set out for that type of security or instrument in column 2 or 3 of that item, or that is at or above a rating category that the approved credit rating organization has adopted to replace that rating category. ( note approuvée )
Money Market Mutual Fund Conditions Regulations — (a)
approved credit rating organization means (a) Dominion Bond Rating Service Limited; (b) Fitch, Inc.; (c) Moody’s Investors Service, Inc.; (d) Standard & Poor’s Corporation; or (e) a successor of an organization named in any of paragraphs (a) to (d). ( agence de notation agréée )
Money Market Mutual Fund Conditions Regulations — (a)
Canadian financial institution means (a) any of the following that is authorized to carry on business under the laws of Canada or a province, namely, (i) a bank, (ii) an authorized foreign bank, (iii) a loan company, (iv) a trust company, (v) an insurance company to which the Insurance Companies Act applies, (vi) an insurance corporation incorporated by or under an Act of the legislature of a province, (vii) a central cooperative credit society, (viii) a cooperative credit association, or (ix) a local cooperative credit society; (b) Alberta Treasury Branches, established under the Alberta Treasury Branches Act of the Province of Alberta; or (c) the Fédération des caisses Desjardins du Québec. ( institution financière canadienne )
Money Market Mutual Fund Conditions Regulations — (a)
cash equivalent means an evidence of indebtedness that has a remaining term to maturity of 365 days or less and is issued, or fully and unconditionally guaranteed as to principal and interest (a) by the Government of Canada or the government of a province; (b) by the government of the United States, the government of one of the states of the United States, the government of another sovereign state or a permitted supranational agency, if the evidence of indebtedness has an approved credit rating; or (c) by a Canadian financial institution, or by a financial institution that is not incorporated or organized under the laws of Canada or a province, if the evidences of indebtedness of that issuer or guarantor that are rated as short-term debt by an approved credit rating organization have an approved credit rating. ( quasi-espèces )
Money Market Mutual Fund Conditions Regulations — (a)
permitted supranational agency means (a) the African Development Bank; (b) the Asian Development Bank; (c) the Caribbean Development Bank; (d) the European Bank for Reconstruction and Development; (e) the Inter-American Development Bank; (f) the International Bank for Reconstruction and Development; (g) the International Finance Corporation; or (h) any person that is prescribed for the purpose of subparagraph (g)(v) of the definition foreign property in subsection 206(1) of the Income Tax Act . ( organisme supranational accepté )
Money Market Mutual Fund Conditions Regulations — 2
Conditions 2 A money market mutual fund must satisfy the following conditions: (a) all of its assets must be invested in one or more of the following, namely, (i) cash, (ii) cash equivalents, (iii) evidences of indebtedness, other than cash equivalents, that have remaining terms to maturity of 365 days or less, and (iv) floating rate evidences of indebtedness not referred to in subparagraphs (ii) and (iii), if the principal amounts of the obligations will continue to have a market value of approximately par at the time of each change in the rate to be paid to the holders of the evidences of indebtedness; (b) its portfolio of evidences of indebtedness must have a dollar-weighted average term to maturity not exceeding 90 days, calculated on the basis that the term of a floating rate obligation is the period remaining to the date of the next rate setting; (c) not less than 95% of its assets must be invested in cash, cash equivalents or evidences of indebtedness denominated in a currency in which the net asset value per security of the mutual fund is calculated; and (d) not less than 95% of its assets must be invested in one or more of the following, namely, (i) cash, (ii) cash equivalents, or (iii) evidences of indebtedness of issuers whose commercial paper has an approved credit rating.
Money Market Mutual Fund Conditions Regulations — 3
Coming into force 3 These Regulations come into force on November 7, 2001.
Canadian Payments Association Membership Requirements Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 35(1) a of the Canadian Payments Act b , hereby makes the annexed Canadian Payments Association Membership Requirements Regulations . a S.C. 2001, c. 9, s. 243 b S.C. 2001, c. 9, s. 218
Canadian Payments Association Membership Requirements Regulations — 1
Requirement to be met 1 A requirement for membership in the Association that is to be met by a person referred to in paragraph 4(2)(a) of the Canadian Payments Act — other than a central, a trust company or a loan company — is that there are deposits made with it that are insured or guaranteed under a federal or provincial statute.
Canadian Payments Association Membership Requirements Regulations — 2
Requirement to be met 2 A requirement for membership in the Association that is to be met by a person referred to in paragraph 4(2)(e) of the Canadian Payments Act is that the person is a member of the Investment Dealers Association of Canada or the Bourse de Montréal.
Canadian Payments Association Membership Requirements Regulations — 3
Coming into force 3 These Regulations come into force on November 7, 2001.
Specialized Financing (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 and 936 a of the Bank Act b , hereby makes the annexed Specialized Financing (Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46