GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Bank Act — B-1.01
NI 51-102 in respect of a province set out in column 1 of Table 1 of Schedule V, means the version of National Instrument 51-102 referred to in column 2. ( Règlement 51-102 )
Bank Act — B-1.01
NI 54-101 in respect of a province set out in column 1 of Table 1 of Schedule V, means the version of National Instrument 54-101 referred to in column 2. ( Règlement 54-101 )
Bank Act — B-1.01 993
Application 993 This Part other than sections 1004 and 1005 does not apply in respect of any notice, document or other information that under this Act or the regulations is sent to or issued by the Minister, the Superintendent, the Commissioner or the Bank of Canada or any prescribed notice, document or information. 2005, c. 54, s. 138
Bank Act — B-1.01 994
Use not mandatory 994 Nothing in this Act or the regulations requires a person to create or provide an electronic document. 2005, c. 54, s. 138
Bank Act — B-1.01 995
t remains available on the website for at least one year; and (c) it is in an accessible, printable and searchable format. Requests for paper copies (6) On the request of a shareholder or member of a bank that is not a distributing bank, of a bank holding company that is not a distributing bank holding company or of a federal credit union, paper copies of the following documents or other information must be sent by prepaid mail addressed to, or delivered personally to, the shareholder or member at their latest address as shown in the records of the bank, bank holding company or federal credit union, or of its transfer agent: (a) any document or other information made available under subsection (4) before the request is made; or (b) all documents and other information made available under subsection (4) after the request is made. Documents already made available (7) A document or other information referred to in paragraph (6)(a) must be sent or delivered (a) within three business days after the day on which the request is received, if it is received before the day of the meeting; or (b) within 10 days after the day on which the request is received, if it is received on or after the day of the meeting. For greater certainty (8) For greater certainty, a document or other information that is required under this Act or the regulations to be sent to a specific place and that is made available under paragraph (3)(c) or (4)(c) is not required to be sent to an information system designated by the addressee. 2005, c. 54, s. 138; 2018, c. 27, s. 153 2026, c. 3, s. 289
Bank Act — B-1.01 996
Creation or provision of information 996 A requirement under this Act or the regulations to create or provide a notice, document or other information is satisfied by creating or providing an electronic document if (a) the incorporating instrument or by-laws of the bank, bank holding company or authorized foreign bank, as the case may be, do not provide otherwise; and (b) the prescribed requirements are complied with. 2005, c. 54, s. 138
Bank Act — B-1.01 997
Creation of information in writing 997 A requirement under this Act or the regulations to create a notice, document or other information in writing is satisfied by creating an electronic document if in addition to the conditions set out in section 996 (a) the information in the electronic document is accessible so as to be usable for subsequent reference; and (b) the prescribed requirements are complied with. 2005, c. 54, s. 138
Bank Act — B-1.01 998
Provision of information in writing 998 A requirement under this Act or the regulations to provide a notice, document or other information in writing is satisfied by providing an electronic document if in addition to the conditions set out in section 996 (a) the information in the electronic document is accessible by the addressee and capable of being retained by them so as to be usable for subsequent reference; and (b) the prescribed requirements are complied with. 2005, c. 54, s. 138
Bank Act — B-1.01 999
Multiple copies 999 A requirement under this Act or the regulations to provide two or more copies of a document at the same time to one addressee is satisfied by providing one copy of the electronic document. 2005, c. 54, s. 138
Bank Act — B-1.01 1000
Registered mail 1000 A requirement under this Act or the regulations to provide a document by registered mail is not satisfied by providing an electronic document except in the prescribed circumstances. 2005, c. 54, s. 138
Bank Act — B-1.01 1001
Statutory declarations and affidavits 1001 (1) A statutory declaration or affidavit required under this Act or the regulations may be created or provided in an electronic document if (a) the person who makes the statutory declaration or affidavit signs it with their secure electronic signature; (b) the authorized person before whom the statutory declaration or affidavit is made signs it with their secure electronic signature; and (c) the requirements of sections 994 to 1000 are complied with. Definitions (2) For the purposes of this section, electronic document and secure electronic signature have the same meaning as in subsection 31(1) of the Personal Information Protection and Electronic Documents Act . References to “electronic document” (3) For the purpose of complying with paragraph (1)(c), references to “electronic document” in sections 994 to 1000 are to be read as references to “electronic document within the meaning of subsection 31(1) of the Personal Information Protection and Electronic Documents Act ”. 2005, c. 54, s. 138
Bank Act — B-1.01 1002
Signatures 1002 A requirement under this Act or the regulations for a signature or for a document to be executed, except in respect of a statutory declaration or affidavit, is satisfied in respect of an electronic document if the prescribed requirements are complied with and the signature results from the application by the person of a technology or process that permits the following to be proved: (a) the signature resulting from the use by the person of the technology or process is unique to the person; (b) the technology or process is used by the person to incorporate their signature into, attach it to or associate it with the electronic document; and (c) the technology or process can be used to identify the person using the technology or process. 2005, c. 54, s. 138
Bank Act — B-1.01 1003
Regulations — provision and receipt of documents 1003 The Governor in Council may make regulations respecting the time and place at which and the circumstances under which an electronic document is considered to be provided or received. 2005, c. 54, s. 138
Bank Act — B-1.01 1004
Content and form of notices and documents 1004 The Minister, Superintendent, Commissioner or Bank of Canada may establish the requirements for the content and fix the form, including electronic and other forms, of notices and documents sent to or issued by each of them under this Act or the regulations, including (a) the notices and documents that may be sent in electronic or other form; (b) the persons or classes of persons who may send notices and documents; (c) their signature in electronic or other form or their execution, adoption or authorization in a manner that is to have the same effect for the purposes of this Act as their signature; (d) the time and place at which and the circumstances under which electronic documents are considered to be sent or received; and (e) any matter necessary for the purposes of the application of this section. 2005, c. 54, s. 138
Bank Act — B-1.01 1005
Exemption 1005 In the prescribed circumstances, the Minister, Superintendent, Commissioner or Bank of Canada may, on any conditions that they consider appropriate, exempt from the application of any provision of this Act requiring a notice or document to be sent to them any notice or document, or class of notice or document, containing information similar to that contained in a notice or document required to be made public under any other Act of Parliament or any Act of the legislature of a province. 2005, c. 54, s. 138
Bank Act — B-1.01
Agreement within the meaning of subsection 2(1) of the Canada-Chile Free Trade Agreement Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–Peru Free Trade Agreement Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–Colombia Free Trade Agreement Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–Panama Economic Growth and Prosperity Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–Honduras Economic Growth and Prosperity Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–Korea Economic Growth and Prosperity Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–European Union Comprehensive Economic and Trade Agreement Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–United States–Mexico Agreement Implementation Act
Bank Act — B-1.01
Agreement within the meaning of section 2 of the Canada–United Kingdom Trade Continuity Agreement Implementation Act
Bank Act — B-1.01 75
Transitional 75 (3) Orders made under paragraph 528(1)(a) of the Act, as that paragraph read immediately before the coming into force of this section, that are in force immediately before that coming into force are deemed to be orders made under subsection 528(1.1) of the Act.
Bank Act — B-1.01 240
Retroactivity — section 608 of Bank Act 240 Section 608 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.
Bank Act — B-1.01 241
Retroactivity — section 638 of Bank Act 241 Section 638 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.
Bank Act — B-1.01 242
Retroactivity — section 956.1 of Bank Act 242 Section 956.1 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.
Bank Act — B-1.01 247
Regulations apply — section 608 of Bank Act 247 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 607 of that Act apply for the purposes of section 608 of that Act until regulations made under that paragraph for the purposes of that section 608 are in force.
Bank Act — B-1.01 248
Regulations apply — section 638 of Bank Act 248 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 637 of that Act apply for the purposes of section 638 of that Act until regulations made under that paragraph for the purposes of that section 638 are in force.
Bank Act — B-1.01 249
Regulations apply — section 956.1 of Bank Act 249 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 956 of that Act apply for the purposes of section 956.1 of that Act until regulations made under that paragraph for the purposes of that section 956.1 are in force.
Bank Act — B-1.01 335
Body corporate deemed to be approved 335 A body corporate that has been approved under section 455.01 of the Bank Act , as it read immediately before the day on which section 329 comes into force, is deemed to have been approved under section 627.48 of that Act as enacted by that section 329 .
Bank Act — B-1.01 139
Definitions 139 (1) The following definitions apply in this section. former external complaints body means an external complaints body as defined in section 2 of the Bank Act as it read before the day on which section 128 of this Act comes into force. ( ancien organisme externe de traitement des plaintes ) new external complaints body means the body corporate designated under subsection 627.48(1) of the Bank Act , as amended by section 129 of this Act. ( nouvel organisme externe de traitement des plaintes ) Revocation of approval (2) Any approval given to a former external complaints body under subsection 627.48(1) of the Bank Act , as it read immediately before the day on which section 129 of this Act comes into force, is revoked on the later of the day on which the designation of the new external complaints body takes effect and the day on which the former external complaints body resolves every complaint pending before it. Application before designation (3) On the day on which section 129 of this Act comes into force, sections 627.48 and 627.49 of the Bank Act , as they read immediately before that day, continue to apply in respect of former external complaints bodies until the day on which the designation of the new external complaints body takes effect. Application on designation (4) On the day on which the designation of the new external complaints body takes effect, (a) unless otherwise specified by the Commissioner, a former external complaints body shall continue the resolution of any complaint pending before it; (b) sections 627.48 and 627.49 of the Bank Act , as they read immediately before the day on which section 129 of this Act comes into force, continue to apply for the purposes of paragraph (a); and (c) the new external complaints body shall resolve all complaints that are not pending before any former external complaints body.
Bank Act — B-1.01
former external complaints body means an external complaints body as defined in section 2 of the Bank Act as it read before the day on which section 128 of this Act comes into force. ( ancien organisme externe de traitement des plaintes )
Bank Act — B-1.01
new external complaints body means the body corporate designated under subsection 627.48(1) of the Bank Act , as amended by section 129 of this Act. ( nouvel organisme externe de traitement des plaintes )
Bank Act — B-1.01 54
54 (1) Section 507 of the Act is amended by adding the following after subsection (1): Definition of foreign bank (1.1) For the purposes of this Part, foreign bank means a foreign bank as defined in section 2 but without regard to the portion of that definition after paragraph (g). (2) Subsection 507(15) of the Act is amended by striking out “or” at the end of paragraph (c), by adding “or” at the end of paragraph (d) and by adding the following after paragraph (d): (e) is a subsidiary of a federal financial institution. (3) Subsection 507(16) of the Act is amended by striking out “or” at the end of paragraph (c), by adding “or” at the end of paragraph (d) and by adding the following after paragraph (d): (e) is a subsidiary of a federal financial institution.
Bank Act — B-1.01 56
56 Section 522.09 of the Act is amended by adding the following after subsection (3): Exception — subsidiary of federal financial institution (4) Subsections (1) to (3) do not apply to a foreign bank — or an entity associated with a foreign bank — that is a subsidiary of a federal financial institution.
Bank Act — B-1.01 57
57 Section 522.19 of the Act is amended by adding the following after subsection (2): Exception — subsidiary of federal financial institution (3) Subsection (1) does not apply to a foreign bank — or an entity associated with a foreign bank — that is a subsidiary of a federal financial institution.
Bank Act — B-1.01 58
58 Subsection 522.21(2) of the Act is amended by striking out “or” at the end of paragraph (c), by adding “or” at the end of paragraph (d) and by adding the following after paragraph (d): (e) is a subsidiary of a federal financial institution.
Bank Act — B-1.01 59
59 Subsection 522.211(2) of the Act is amended by striking out “or” at the end of paragraph (c), by adding “or” at the end of paragraph (d) and by adding the following after paragraph (d): (e) is a subsidiary of a federal financial institution.
Bank Act — B-1.01 316
316 (1) Paragraphs 410(1)(c) and (c.1) of the Bank Act are replaced by the following: (b.1) subject to sections 416 and 417 and the regulations, engage in any activity that relates to the provision of financial services by the bank or any of its affiliates; (c) subject to the regulations, engage in any of the following activities: (i) collecting, manipulating and transmitting information, and (ii) designing, developing, manufacturing, selling and otherwise dealing with information technology, if those activities relate to (A) an activity referred to in this subsection that is engaged in by the bank or any of its affiliates, or (B) the provision of financial services by any other entity,
Bank Act — B-1.01 316
316 (3) Paragraph 410(3)(a) of the Act is replaced by the following: (a) respecting what a bank may or may not do with respect to the carrying on of the activities referred to in paragraphs (1)(b.1), (c) and (c.2); (4) Subparagraph 410(3)(b)(iii) of the English version of the Act is replaced by the following: (iii) the carrying on of the activities referred to in paragraphs (1)(b.1), (c) and (c.2); and (5) Paragraph 410(3)(c) of the Act is replaced by the following: (c) respecting the circumstances in which a bank may engage in the activities referred to in paragraphs (1)(b.1) and (c), including the circumstances in which banks may collect, manipulate and transmit information under subparagraph (1)(c)(i).
Bank Act — B-1.01 317
317 Section 411 of the Act is replaced by the following: Networking 411 (1) Subject to section 416 and the regulations, a bank may (a) act as agent for any person in respect of (i) the carrying on of any activity referred to in subsection 410(1) that is engaged in by a financial institution, by a permitted entity as defined in subsection 464(1), if that definition were read without reference to the requirements of subsections 468(4) to (6), or by a prescribed entity, or (ii) the provision of any service that relates to financial services and that is provided by an institution or entity referred to in subparagraph (i); (a.1) enter into an arrangement with any person in respect of the carrying on of an activity referred to in subparagraph (a)(i) or the provision of a service referred to in subparagraph (a)(ii); and (b) refer any person to another person. Regulations (2) The Governor in Council may make regulations (a) respecting the disclosure of the name of the person for whom a bank is acting as agent under subsection (1); (b) respecting the disclosure of any commission being earned by a bank when acting as agent under subsection (1); (c) respecting the circumstances in which a bank may act as an agent, enter into an arrangement or refer a person under subsection (1); and (d) imposing terms and conditions in respect of the carrying on of activities under that subsection. Regulations 411.1 The Governor in Council may, for the purposes of section 409 and subsection 411(1), make regulations respecting what a bank is prohibited from doing when acting as an agent or when making referrals.
Bank Act — B-1.01 411
Networking 411 (1) Subject to section 416 and the regulations, a bank may (a) act as agent for any person in respect of (i) the carrying on of any activity referred to in subsection 410(1) that is engaged in by a financial institution, by a permitted entity as defined in subsection 464(1), if that definition were read without reference to the requirements of subsections 468(4) to (6), or by a prescribed entity, or (ii) the provision of any service that relates to financial services and that is provided by an institution or entity referred to in subparagraph (i); (a.1) enter into an arrangement with any person in respect of the carrying on of an activity referred to in subparagraph (a)(i) or the provision of a service referred to in subparagraph (a)(ii); and (b) refer any person to another person. Regulations (2) The Governor in Council may make regulations (a) respecting the disclosure of the name of the person for whom a bank is acting as agent under subsection (1); (b) respecting the disclosure of any commission being earned by a bank when acting as agent under subsection (1); (c) respecting the circumstances in which a bank may act as an agent, enter into an arrangement or refer a person under subsection (1); and (d) imposing terms and conditions in respect of the carrying on of activities under that subsection.
Bank Act — B-1.01 411.1
Regulations 411.1 The Governor in Council may, for the purposes of section 409 and subsection 411(1), make regulations respecting what a bank is prohibited from doing when acting as an agent or when making referrals.
Bank Act — B-1.01 318
318 (1) Section 468 of the Act is amended by adding the following after subsection (2): Permitted investments (2.1) Subject to subsections (3) to (6), Part XI and the regulations made under paragraphs (2.2)(b) and (c), a bank may acquire control of, or acquire or increase a substantial investment in, an entity, other than an entity referred to in any of paragraphs (1)(a) to (j), if a majority, as defined in the regulations, of the entity’s business consists of financial service activities that a bank is permitted to engage in under any of paragraphs 409(2)(a) to (d). Regulations (2.2) The Governor in Council may make regulations (a) defining, for the purposes of subsection (2.1), the word “majority”; (b) imposing terms and conditions in respect of the acquisition of control of, or acquisition or increase of a substantial investment in, an entity that a bank may acquire control of, or acquire or increase a substantial investment in, under subsection (2.1); and (c) respecting the circumstances in which a bank may acquire control of, or acquire or increase a substantial investment in, an entity under subsection (2.1). (2) Subparagraph 468(3)(d)(ii) of the Act is replaced by the following: (ii) in the case of an entity that is not controlled by the bank, the bank itself would be permitted to acquire a substantial investment in the other entity under subsection (1), (2) or (2.1) or 466(2), paragraph 466(3)(b) or (c) or subsection 466(4); or (3) Subsection 468(5) of the Act is amended by adding “or” at the end of paragraph (c) and by repealing paragraphs (d) and (d.1). (4) Paragraph 468(7)(a) of the Act is replaced by the following: (a) the bank is acquiring control of an entity, other than a specialized financing entity, under subsection (2) or (2.1) and the only reason for which the bank would, but for this subsection, require approval for the acquisition is that the entity carries on activities referred to in paragraph (2)(b);
Bank Act — B-1.01 319
319 The Act is amended by adding the following after section 468: Regulations 468.1 The Governor in Council may make regulations (a) respecting the circumstances in which a bank may acquire control of, or acquire or increase a substantial investment in, an entity that engages in activities that a bank is permitted to engage in under paragraph 410(1)(b.1) or (c), including the circumstances in which a bank is prohibited from doing so; and (b) imposing terms and conditions in respect of the acquisition of control of, or acquisition or increase of a substantial investment in, an entity referred to in paragraph (a).