GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Minority Investment (Trust and Loan Companies) Regulations — 3
Restriction concerning investments 3 Subject to sections 5 and 6, a 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 company’s regulatory capital: (a) all shares and ownership interests beneficially owned by the company, and all shares and ownership interests beneficially owned by entities controlled by the company, in designated entities in which the company has a substantial investment but over which it does not exercise control, (b) all loans held by the company, and all loans held by entities controlled by the company, that were made to designated entities in which the company has a substantial investment but over which it does not exercise control, and (c) all outstanding guarantees given by the company, and all outstanding guarantees given by entities controlled by the company, on behalf of designated entities in which the company has a substantial investment but over which it does not exercise control.
Minority Investment (Trust and Loan Companies) Regulations — 4
Restriction concerning loans 4 Subject to sections 5 and 6, a 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, ownership interests, loans and guarantees referred to in paragraphs 3(a) to (c) would exceed 50% of the company’s regulatory capital.
Minority Investment (Trust and Loan Companies) Regulations — 5
Limitation 5 In paragraphs 3(a) to (c) and section 4, any reference to a substantial investment that a company has does not include a substantial investment acquired by the company (a) under regulations made under paragraph 459(a) of the Act, other than these Regulations; (b) under subsection 451(3.1) of the Act, as that subsection read before the coming into force of section 550 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 company.
Minority Investment (Trust and Loan 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 company, no amount may be included in respect of shares or ownership interests acquired under sections 456 to 458 of the Act or acquired by a bank controlled by the company under subsection 193(12) or (13) of the Bank Act , chapter B-1 of the Revised Statutes of Canada, 1985.
Minority Investment (Trust and Loan Companies) Regulations — Coming into force
Coming into force * 8 These Regulations come into force on the day on which section 459 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, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 983(16) a of the Bank Act b , hereby makes the annexed Name Use by Non-financial Businesses (Excluded Entities) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations — 1
Definition of Act 1 In these Regulations, Act means the Bank Act . SOR/2008-157, s. 3
Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations — 2
Prescribed entities 2 For the purpose of subsection 983(5.1) of the Act, the following entities are prescribed: (a) an entity in which a bank has a substantial investment; (b) a financial institution; (c) an authorized foreign bank; (d) any other foreign bank; (e) an entity that is affiliated with a bank or a bank holding company; (f) an entity in which a bank holding company has a substantial investment; (g) an entity associated with a foreign bank; (h) an entity in which a foreign bank has a substantial investment; (i) an entity in which an entity associated with a foreign bank has a substantial investment; (j) an entity that has a substantial investment in a bank or a bank holding company; and (k) an entity that is affiliated with an entity that has a substantial investment in a bank or a bank holding company. SOR/2002-107, s. 1; SOR/2008-157, s. 4; SOR/2010-71, s. 3
Use of the Word “Bank” by Non-financial Businesses (Excluded Entities) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which subsection 983(2) 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.]
Name Use in Securities-related Transactions (Banks and Bank Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 983(16) a of the Bank Act b , hereby makes the annexed Name Use in Securities-related Transactions (Banks and Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Name Use in Securities-related Transactions (Banks and Bank Holding Companies) Regulations — 1
Use of name of bank or bank holding company 1 A person may use the name of a bank or of a bank holding company in a prospectus, offering memorandum, takeover bid circular, advertisement for a transaction related to securities or in any other document in connection with a transaction related to securities if the use is required by law or if the bank or bank holding company, as the case may be, has given its written permission for the use.
Name Use in Securities-related Transactions (Banks and Bank Holding Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which subsection 983(1) of the Bank Act , as enacted by section 183 of the Financial Consumer Agency of Canada Act , being chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Name Use in Securities-related Transactions (Insurance Companies and Insurance Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 1021 a and 1026 a of the Insurance Companies Act b , hereby makes the annexed Name Use in Securities-related Transactions (Insurance Companies and Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Name Use in Securities-related Transactions (Insurance Companies and Insurance Holding Companies) Regulations — 1
Use of name of company or insurance holding company 1 A person may use the name of a company or of an insurance holding company in a prospectus, offering memorandum, takeover bid circular, advertisement for a transaction related to securities or in any other document in connection with a transaction related to securities if the use is required by law or if the company or insurance holding company, as the case may be, has given its written permission for the use.
Name Use in Securities-related Transactions (Insurance Companies and Insurance Holding Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which section 1026 of the Insurance Companies Act , as enacted by section 465 of the Financial Consumer Agency of Canada Act , being chapter 9 of the Statutes of Canada, 2001, comes into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Prohibited Activities Respecting Real Property (Foreign Banks) 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 , hereby makes the annexed Prohibited Activities Respecting Real Property (Foreign Banks) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Prohibited Activities Respecting Real Property (Foreign Banks) Regulations — 1
Prohibited activities 1 Paragraphs 510(1)(a) and (b) of the Bank Act apply in respect of the holding, managing and other dealing with real property in Canada by a foreign bank or an entity associated with a foreign bank if that holding, managing or other dealing involves the making or acquiring of loans or advances on security of real property in Canada.
Prohibited Activities Respecting Real Property (Foreign Banks) Regulations — Coming into force
Coming into force * 2 These Regulations come into force on the day on which section 514 of the Bank Act , as enacted by section 132 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.]
Regulatory Capital (Bank Holding Companies) 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 , hereby makes the annexed Regulatory Capital (Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Regulatory Capital (Bank Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) designated entity means an entity other than (a) an insurance company; (b) a securities dealer; or (c) an entity controlled by an insurance company or a securities dealer. ( entité désignée ) insurance company means an insurance company that is incorporated by or under the laws of Canada or of a province. ( société d’assurances ) minority interest means an equity interest, in an entity that is controlled by a bank holding company, that is held by a person other than (a) the bank holding company; or (b) an entity controlled by the bank holding company. ( participation minoritaire ) securities dealer means an entity described in paragraph (g) of the definition financial institution in section 2 of the Act. ( négociant en valeurs mobilières )
Regulatory Capital (Bank Holding Companies) Regulations — (a)
designated entity means an entity other than (a) an insurance company; (b) a securities dealer; or (c) an entity controlled by an insurance company or a securities dealer. ( entité désignée )
Regulatory Capital (Bank Holding Companies) Regulations — Regulatory Capital (Bank Holding Companies) Regulations
insurance company means an insurance company that is incorporated by or under the laws of Canada or of a province. ( société d’assurances )
Regulatory Capital (Bank Holding Companies) Regulations — (a)
minority interest means an equity interest, in an entity that is controlled by a bank holding company, that is held by a person other than (a) the bank holding company; or (b) an entity controlled by the bank holding company. ( participation minoritaire )
Regulatory Capital (Bank Holding Companies) Regulations — Regulatory Capital (Bank Holding Companies) Regulations
securities dealer means an entity described in paragraph (g) of the definition financial institution in section 2 of the Act. ( négociant en valeurs mobilières )
Regulatory Capital (Bank Holding Companies) Regulations — 2
Definition of regulatory capital 2 (1) Subject to subsection (2) and section 3, the regulatory capital of a bank holding company, at any time, is the amount determined by the formula A - B where A is the total of the amounts of the shareholders’ equity, minority interests and subordinated indebtedness that would be reported in the financial statements 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 is the amount of goodwill that would be included in those financial statements. Restriction relating to security (2) In calculating the amount of regulatory capital under subsection (1), an amount may be included in respect of a security only if (a) the security is, by its terms, subordinate in right of payment to all liabilities of the entity that issued the security other than liabilities that, by their terms, rank equally with, or are subordinate to, that security; (b) the security is issued and fully paid up; and (c) in respect of subordinated indebtedness or a preferred share, the security (i) has an initial minimum term of five years or more or has no term, and (ii) cannot be redeemed or purchased for cancellation in the first five years after it is issued.
Regulatory Capital (Bank Holding Companies) Regulations — 3
Definition for investment limits 3 (1) For the purposes of sections 938 to 940 of the Act, the regulatory capital of a bank holding company is the amount calculated under section 2, less the total of (a) all amounts each of which is the amount of shareholders’ equity or subordinated indebtedness of an insurance company or securities dealer controlled by the bank holding company, or an entity controlled by an insurance company or securities dealer controlled by the bank holding company, that is included in the amount of regulatory capital of the bank holding company under section 2, (b) all amounts each of which is the amount of an investment, other than shareholders’ equity or subordinated indebtedness referred to in paragraph (a), of the bank holding company or a designated entity controlled by the bank holding company in an insurance company or securities dealer controlled by the bank holding company, or in an entity controlled by an insurance company or securities dealer controlled by the bank holding company, if the investment is part of the capital of the insurance company or securities dealer, (c) all amounts each of which is the amount of a loan, other than subordinated indebtedness referred to in paragraph (a), made by the bank holding company or by a designated entity controlled by the bank holding company to an insurance company or securities dealer controlled by the bank holding company, or to an entity controlled by an insurance company or securities dealer controlled by the bank holding company, if the loan is part of the capital of the insurance company or securities dealer, and (d) all amounts each of which is the amount of a minority interest in an insurance company or securities dealer controlled by the bank holding company, or in an entity controlled by an insurance company or securities dealer controlled by the bank holding company, that is included in the amount of regulatory capital of the bank holding company under section 2. Definition of capital (2) For the purposes of paragraphs (1)(b) and (c), capital means (a) in respect of an insurance company to which the Insurance Companies Act applies, its regulatory capital within the meaning of the Regulatory Capital (Insurance Companies) Regulations ; and (b) in respect of any other insurance company or a securities dealer, an amount that would be treated as its capital by a regulatory body that regulates the insurance company or securities dealer.
Regulatory Capital (Bank Holding Companies) Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which sections 938 to 940 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, come into force. * [Note: Regulations in force October 24, 2001, see SI/2001-102.]
Regulatory Capital (Insurance Holding Companies) Regulations — Regulatory Capital (Insurance Holding Companies) Regulations
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 a of the Insurance Companies Act b , hereby makes the annexed Regulatory Capital (Insurance Holding Companies) Regulations .
Regulatory Capital (Insurance Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies Act . ( Loi ) minority interest means an equity interest, in an entity that is controlled by an insurance holding company, that is held by a person other than (a) the insurance holding company; or (b) an entity controlled by the insurance holding company. ( participation minoritaire )
Regulatory Capital (Insurance Holding Companies) Regulations — Regulatory Capital (Insurance Holding Companies) Regulations
Act means the Insurance Companies Act . ( Loi )
Regulatory Capital (Insurance Holding Companies) Regulations — (a)
minority interest means an equity interest, in an entity that is controlled by an insurance holding company, that is held by a person other than (a) the insurance holding company; or (b) an entity controlled by the insurance holding company. ( participation minoritaire )
Regulatory Capital (Insurance Holding Companies) Regulations — 2
Definition of regulatory capital 2 (1) Subject to subsection (2), the regulatory capital of an insurance holding company, at any time, is the amount determined by the formula A - B where A is the total of the amounts of the shareholders’ equity, minority interests and subordinated indebtedness that would be reported in the financial statements of the insurance holding company prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 887(4) of the Act; and B is the amount of goodwill that would be included in those financial statements. Restriction relating to security (2) In calculating the amount of regulatory capital under subsection (1), an amount may be included in respect of a security only if (a) the security is, by its terms, subordinate in right of payment to all liabilities of the entity that issued the security other than liabilities that, by their terms, rank equally with, or are subordinate to, that security; (b) the security is issued and fully paid up; and (c) in respect of subordinated indebtedness or a preferred share, the security (i) has an initial minimum term of five years or more or has no term, and (ii) cannot be redeemed or purchased for cancellation in the first five years after it is issued.
Regulatory Capital (Insurance Holding Companies) Regulations — Coming into force
Coming into force * 3 These Regulations come into force on the day on which sections 970 and 984 of the Insurance Companies Act , as enacted by section 465 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.]
Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) 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 and 1021 c of the Insurance Companies Act d , hereby makes the annexed Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46 c S.C. 2001, c. 9, s. 465 d S.C. 1991, c. 47
Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations — 1
Maximum fee 1 For the purposes of subsections 85(2) of the Bank Act and 89(2) of the Insurance Companies Act , the maximum fee that may be charged for a security certificate issued in respect of a transfer is $5.
Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations — Coming into force
Coming into force * 4 These Regulations come into force on the day on which section 724 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.]
Specialized Financing (Cooperative Credit Associations) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 389 a , 396 a and 463 b of the Cooperative Credit Associations Act c , hereby makes the annexed Specialized Financing (Cooperative Credit Associations) Regulations . a S.C. 2001, c. 9, s. 314 b S.C. 2001, c. 9, s. 339 c S.C. 1991, c. 48
Specialized Financing (Cooperative Credit Associations) Regulations — 1
Definitions 1 (1) The following definitions apply in these Regulations. Act means the Cooperative Credit Associations Act . ( Loi ) balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on its balance sheet on an unconsolidated basis. ( valeur au bilan ) book value [Repealed, SOR/2008-168, s. 9] specialized financing entity of the association means a specialized financing entity that is controlled by the association or in which the association has a substantial investment. ( entité de l’association s’occupant de financement spécial ) subsidiary , in respect of an association, does not include a subsidiary that is a specialized financing entity of the association. ( filiale ) Definition of specialized financing entity (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 386(1) of the Act, specialized financing entity means an entity that acquires or holds shares of, or ownership interests in, entities that a retail association may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 388(4) of the Act. SOR/2008-168, s. 9; SOR/2010-71, s. 7(E)
Specialized Financing (Cooperative Credit Associations) Regulations — Specialized Financing (Cooperative Credit Associations) Regulations
Act means the Cooperative Credit Associations Act . ( Loi )
Specialized Financing (Cooperative Credit Associations) Regulations — Specialized Financing (Cooperative Credit Associations) Regulations
balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on its balance sheet on an unconsolidated basis. ( valeur au bilan )
Specialized Financing (Cooperative Credit Associations) Regulations — Specialized Financing (Cooperative Credit Associations) Regulations
book value [Repealed, SOR/2008-168, s. 9]
Specialized Financing (Cooperative Credit Associations) Regulations — Specialized Financing (Cooperative Credit Associations) Regulations
specialized financing entity of the association means a specialized financing entity that is controlled by the association or in which the association has a substantial investment. ( entité de l’association s’occupant de financement spécial )
Specialized Financing (Cooperative Credit Associations) Regulations — Specialized Financing (Cooperative Credit Associations) Regulations
subsidiary , in respect of an association, does not include a subsidiary that is a specialized financing entity of the association. ( filiale )
Specialized Financing (Cooperative Credit Associations) Regulations — 2
Application 2 These Regulations apply to the ownership by an association, other than a retail association, of shares of, or ownership interests in, a specialized financing entity under paragraph 390(2)(b) of the Act.