GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Manner of Calculation (Foreign Banks) Regulations — 4
Portion of entity’s business outside Canada — par. 522.05(b) of the Act 4 For the purpose of paragraph 522.05(b) of the Act, the prescribed manner of determining the portion of the business outside Canada, of a foreign bank or other entity, that consists of one or more of the activities referred to in that paragraph (in this section referred to as “particular activities”) is to determine it as a percentage in accordance with the formula A × 100% where A is the greater of the fraction B/C and the fraction D/E, where B is the part of the total assets of the foreign bank or other entity that is in respect of the particular activities that the foreign bank or other entity engaged in or carried on outside Canada, C is the part of the total assets of the foreign bank or other entity that is in respect of its business that it engaged in or carried on outside Canada, D is the part of the total revenue of the foreign bank or other entity that is derived from the particular activities that the foreign bank or other entity engaged in or carried on outside Canada, and E is the part of the total revenue of the foreign bank or other entity that is derived from its business that it engaged in or carried on outside Canada. SOR/2010-71, s. 2(F)
Manner of Calculation (Foreign Banks) Regulations — 5
Portion of Canadian entity’s activities — paragraphs 522.09(1)(b) and (2)(b) of the Act 5 For the purpose of paragraphs 522.09(1)(b) and (2)(b) of the Act, the prescribed manner of determining the portion of the activities a Canadian entity engages in that consists of the activities referred to in either of those paragraphs (in this section referred to as “particular activities”) is to determine it as a percentage in accordance with the formula A × 100% where A is the greater of the fraction B/C and the fraction D/E, where B is the part of the total assets of the Canadian entity that is in respect of the particular activities, C is the total assets of the Canadian entity, D is the part of the total revenue of the Canadian entity that is derived from the particular activities, and E is the total revenue of the Canadian entity. SOR/2008-162, s. 2; SOR/2010-71, s. 2(F)
Manner of Calculation (Foreign Banks) Regulations — 6
Portion of entity’s business in Canada — par. 522.19(1)(a) of the Act 6 For the purpose of paragraph 522.19(1)(a) of the Act, the prescribed manner of determining the portion of the business in Canada, of a foreign bank or other entity, that consists of one or more of the activities referred to in that paragraph (in this section referred to as “particular activities”) is to determine it as a percentage in accordance with the formula A × 100% where A is the greater of the fraction B/C and the fraction D/E, where B is the part of the total assets of the foreign bank or other entity that is in respect of the particular activities that the foreign bank or other entity engaged in or carried on in Canada, C is the part of the total assets of the foreign bank or other entity that is in respect of its business that it engaged in or carried on in Canada, D is the part of the total revenue of the foreign bank or other entity that is derived from the particular activities that the foreign bank or other entity engaged in or carried on in Canada, and E is the part of the total revenue of the foreign bank or other entity that is derived from its business that it engaged in or carried on in Canada. SOR/2010-71, s. 2(F)
Manner of Calculation (Foreign Banks) Regulations — 7
Portion of entity’s business outside Canada — par. 522.19(1)(b) of the Act 7 For the purpose of paragraph 522.19(1)(b) of the Act, the prescribed manner of determining the portion of the business outside Canada, of a foreign bank or other entity, that consists of one or more of the activities referred to in that paragraph (in this section referred to as “particular activities”) is to determine it as a percentage in accordance with the formula A × 100% where A is the greater of the fraction B/C and the fraction D/E, where B is the part of the total assets of the foreign bank or other entity that is in respect of the particular activities that the foreign bank or other entity engaged in or carried on outside Canada, C is the part of the total assets of the foreign bank or other entity that is in respect of its business that it engaged in or carried on outside Canada, D is the part of the total revenue of the foreign bank or other entity that is derived from the particular activities that the foreign bank or other entity engaged in or carried on outside Canada, and E is the part of the total revenue of the foreign bank or other entity that is derived from its business that it engaged in or carried on outside Canada. SOR/2010-71, s. 2(F)
Manner of Calculation (Foreign Banks) Regulations — Coming into force
Coming into force * 8 These Regulations come into force on the day on which section 978 of the Bank Act , as enacted by section 183 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.]
Minority Investment (Bank Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 936 a of the Bank Act b , hereby makes the annexed Minority Investment (Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Minority Investment (Bank Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) designated entity means (a) an entity referred to in any of paragraphs 930(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 930(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 930(2)(b) of the Act, including a specialized financing entity, other than an entity in which a bank holding company is permitted to acquire or increase a substantial investment under subparagraph 930(4)(d)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 2 of the Regulatory Capital (Bank Holding Companies) Regulations . ( capital réglementaire ) value means (a) in respect of a share, membership share, ownership interest or loan held by a bank holding company at a particular time, the book value of the share, membership share, ownership interest or loan that would be reported on the balance sheet of the bank holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 840(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 7; SOR/2012-269, s. 5
Minority Investment (Bank Holding Companies) Regulations — (a)
designated entity means (a) an entity referred to in any of paragraphs 930(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 930(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 930(2)(b) of the Act, including a specialized financing entity, other than an entity in which a bank holding company is permitted to acquire or increase a substantial investment under subparagraph 930(4)(d)(iii) of the Act. ( entité désignée )
Minority Investment (Bank Holding Companies) Regulations — Minority Investment (Bank Holding Companies) Regulations
regulatory capital has the same meaning as in section 2 of the Regulatory Capital (Bank Holding Companies) Regulations . ( capital réglementaire )
Minority Investment (Bank Holding Companies) Regulations — (a)
value means (a) in respect of a share, membership share, ownership interest or loan held by a bank holding company at a particular time, the book value of the share, membership share, ownership interest or loan that would be reported on the balance sheet of the bank holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 840(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Bank Holding Companies) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purposes of subparagraphs 930(4)(a)(ii), (b)(ii), (c)(ii) and (d)(ii) of the Act, a bank holding company may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 930(11)(a) of the Act, if a bank holding company controls a designated entity, the bank holding company may give up control of the designated entity while keeping a substantial investment in it.
Minority Investment (Bank Holding Companies) Regulations — 3
Restriction concerning investments 3 Subject to sections 5 and 6, a bank holding company must not acquire or increase a substantial investment in a designated entity under paragraph 2(a) or give up control of a designated entity while keeping a substantial investment in it under paragraph 2(b) if, after the acquisition, increase or giving up of control, the total value of the following would exceed 50% of the bank holding company’s regulatory capital: (a) all shares, membership shares and ownership interests beneficially owned by the bank holding company, and all shares, membership shares and ownership interests beneficially owned by entities controlled by the bank holding company, in designated entities in which the bank holding company has a substantial investment but over which it does not exercise control, (b) all loans held by the bank holding company, and all loans held by entities controlled by the bank holding company, that were made to designated entities in which the bank holding company has a substantial investment but over which it does not exercise control, and (c) all outstanding guarantees given by the bank holding company, and all outstanding guarantees given by entities controlled by the bank holding company, on behalf of designated entities in which the bank holding company has a substantial investment but over which it does not exercise control. SOR/2012-269, s. 6
Minority Investment (Bank Holding Companies) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, a bank holding company that has a substantial investment in a designated entity over which it does not exercise control must not make a loan to, or give a guarantee on behalf of, the designated entity, or permit entities controlled by it to do so, if, after the making of the loan or the giving of the guarantee, the total value of the shares, membership shares, ownership interests, loans and guarantees referred to in paragraphs 3(a) to (c) would exceed 50% of the bank holding company’s regulatory capital. SOR/2012-269, s. 7(E)
Minority Investment (Bank Holding Companies) Regulations — 5
Limitation 5 In paragraphs 3(a) to (c) and section 4, any reference to a substantial investment that a bank holding company has does not include a substantial investment acquired by the bank holding company under regulations made under paragraph 936(a) of the Act other than these Regulations.
Minority Investment (Bank Holding Companies) Regulations — 6
Calculation of “total value” in section 3 or 4 6 For the purpose of calculating the total value referred to in section 3 or 4 in respect of a bank holding company, no amount may be included in respect of shares, membership shares or ownership interests acquired under sections 933 to 935 of the Act or acquired by a bank controlled by the bank holding company under subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985. SOR/2012-269, s. 8
Minority Investment (Bank Holding Companies) Regulations — Coming into force
Coming into force * 7 These Regulations come into force on the day on which section 936 of the Bank Act , as enacted by section 183 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.]
Minority Investment (Banks) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 474 a of the Bank Act b , hereby makes the annexed Minority Investment (Banks) Regulations . a S.C. 2001, c. 9, s. 127 b S.C. 1991, c. 46
Minority Investment (Banks) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) designated entity means, (a) an entity referred to in any of paragraphs 468(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 468(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 468(2)(b) of the Act, including a specialized financing entity, other than an entity in which a bank is permitted to acquire or increase a substantial investment under subparagraph 468(4)(d)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Banks) Regulations . ( capital réglementaire ) value means (a) in respect of a share, membership share, ownership interest or loan held by a bank at a particular time, the book value of the share, membership share, ownership interest or loan that would be reported on the balance sheet of the bank prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 308(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 8(F); SOR/2012-269, s. 9
Minority Investment (Banks) Regulations — (a)
designated entity means, (a) an entity referred to in any of paragraphs 468(1)(a) to (j) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 468(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 468(2)(b) of the Act, including a specialized financing entity, other than an entity in which a bank is permitted to acquire or increase a substantial investment under subparagraph 468(4)(d)(iii) of the Act. ( entité désignée )
Minority Investment (Banks) Regulations — Minority Investment (Banks) Regulations
regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Banks) Regulations . ( capital réglementaire )
Minority Investment (Banks) Regulations — (a)
value means (a) in respect of a share, membership share, ownership interest or loan held by a bank at a particular time, the book value of the share, membership share, ownership interest or loan that would be reported on the balance sheet of the bank prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 308(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Banks) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purposes of subparagraphs 468(4)(a)(ii), (b)(ii), (c)(ii) and (d)(ii) of the Act, a bank may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 468(11)(a) of the Act, if a bank controls a designated entity, the bank may give up control of the designated entity while keeping a substantial investment in it.
Minority Investment (Banks) Regulations — 3
Restriction concerning investments 3 Subject to sections 5 and 6, a bank must not acquire or increase a substantial investment in a designated entity under paragraph 2(a) or give up control of the designated entity while keeping a substantial investment in it under paragraph 2(b) if, after the acquisition, increase or giving up of control, the total value of the following would exceed 50% of the bank’s regulatory capital: (a) all shares, membership shares and ownership interests beneficially owned by the bank, and all shares, membership shares and ownership interests beneficially owned by entities controlled by the bank, in designated entities in which the bank has a substantial investment but over which it does not exercise control, (b) all loans held by the bank, and all loans held by entities controlled by the bank, that were made to designated entities in which the bank has a substantial investment but over which it does not exercise control, and (c) all outstanding guarantees given by the bank, and all outstanding guarantees given by entities controlled by the bank, on behalf of designated entities in which the bank has a substantial investment but over which it does not exercise control. SOR/2012-269, s. 10
Minority Investment (Banks) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, a bank that has a substantial investment in a designated entity over which it does not exercise control must not make a loan to, or give a guarantee on behalf of, the designated entity, or permit entities controlled by it to do so, if, after the making of the loan or the giving of the guarantee, the total value of the shares, membership shares, ownership interests, loans and guarantees referred to in paragraphs 3(a) to (c) would exceed 50% of the bank’s regulatory capital. SOR/2012-269, s. 11(E)
Minority Investment (Banks) Regulations — 5
Limitation 5 In paragraphs 3(a) to (c) and section 4, any reference to a substantial investment that a bank has does not include a substantial investment acquired by the bank (a) under regulations made under paragraph 474(a) of the Act, other than these Regulations; (b) under subsection 466(3.1) of the Act, as that subsection read before the coming into force of section 127 of the Financial Consumer Agency of Canada Act , S.C. 2001, c. 9; or (c) by way of an investment of a specialized financing entity controlled by the bank.
Minority Investment (Banks) Regulations — 6
Calculation of total value in section 3 or 4 6 For the purpose of calculating the total value referred to in section 3 or 4, no amount may be included in respect of shares, membership shares or ownership interests acquired under sections 471 to 473 of the Act or subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985. SOR/2012-269, s. 12
Minority Investment (Banks) Regulations — Coming into force
Coming into force * 8 These Regulations come into force on the day on which section 474 of the Bank Act , as enacted by section 127 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.]
Minority Investment (Cooperative Credit Associations) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 396 a of the Cooperative Credit Associations Act b , hereby makes the annexed Minority Investment (Cooperative Credit Associations) Regulations . a S.C. 2001, c. 9, s. 314 b S.C. 1991, c. 48
Minority Investment (Cooperative Credit Associations) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Cooperative Credit Associations Act . ( Loi ) designated entity means (a) an entity referred to in any of paragraphs 390(1)(a) to (h) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 390(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 390(2)(b) of the Act, including a specialized financing entity, other than an entity in which an association is permitted to acquire or increase a substantial investment under subparagraph 390(4)(c)(iii) of the Act. ( entité désignée ) regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Cooperative Credit Associations) Regulations . ( capital réglementaire ) value means (a) in respect of a share, ownership interest or loan held by an association at a particular time, the book value of the share, ownership interest or loan that would be reported on the balance sheet of the association prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 292(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur ) SOR/2011-196, s. 19(F)
Minority Investment (Cooperative Credit Associations) Regulations — Minority Investment (Cooperative Credit Associations) Regulations
Act means the Cooperative Credit Associations Act . ( Loi )
Minority Investment (Cooperative Credit Associations) Regulations — (a)
designated entity means (a) an entity referred to in any of paragraphs 390(1)(a) to (h) of the Act; (b) an entity whose business includes one or more of the activities referred to in paragraph 390(2)(a) of the Act and that engages, as part of its business, in any financial intermediary activity that exposes the entity to material market or credit risk, including a factoring entity, a finance entity or a financial leasing entity; or (c) an entity whose business includes an activity referred to in paragraph 390(2)(b) of the Act, including a specialized financing entity, other than an entity in which an association is permitted to acquire or increase a substantial investment under subparagraph 390(4)(c)(iii) of the Act. ( entité désignée )
Minority Investment (Cooperative Credit Associations) Regulations — Minority Investment (Cooperative Credit Associations) Regulations
regulatory capital has the same meaning as in section 3 of the Regulatory Capital (Cooperative Credit Associations) Regulations . ( capital réglementaire )
Minority Investment (Cooperative Credit Associations) Regulations — (a)
value means (a) in respect of a share, ownership interest or loan held by an association at a particular time, the book value of the share, ownership interest or loan that would be reported on the balance sheet of the association prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 292(4) of the Act; and (b) in respect of a guarantee, the face value of the guarantee. ( valeur )
Minority Investment (Cooperative Credit Associations) Regulations — 2
Permitted substantial investments 2 Subject to section 3, (a) for the purpose of subparagraphs 390(4)(a)(ii), (b)(ii) and (c)(ii) of the Act, an association may acquire or increase a substantial investment in a designated entity; and (b) for the purpose of paragraph 390(10)(a) of the Act, if an association controls a designated entity, the association may give up control of the designated entity while keeping a substantial investment in it.