GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Bank Act — B-1.01 468.1
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).
Bank Act — B-1.01 320
320 Paragraph 495(1)(c) of the Act is replaced by the following: (c) consists of a written contract with the related party for the purpose of having either one of them act as an agent or make referrals;
Bank Act — B-1.01 321
321 Section 522.08 of the Act is amended by adding the following after subsection (1): Permitted investments (1.1) Subject to subsection (2) and the regulations made under paragraphs (1.2)(a) and (b), a foreign bank or an entity associated with a foreign bank may acquire or hold control of, or acquire or hold a substantial investment in, a Canadian entity that a bank may acquire control of, or acquire or increase a substantial investment in, under subsection 468(2.1). Regulations (1.2) The Governor in Council may make regulations (a) imposing terms and conditions in respect of the acquisition or holding of control of, or acquisition or holding of a substantial investment in, a Canadian entity that a foreign bank or an entity associated with a foreign bank may acquire or hold control of, or acquire or hold a substantial investment in, under subsection (1.1); and (b) respecting the circumstances in which a foreign bank or an entity associated with a foreign bank may acquire or hold control of, or acquire or hold a substantial investment in, a Canadian entity under subsection (1.1).
Bank Act — B-1.01 322
322 The Act is amended by adding the following after section 522.08: Regulations 522.081 The Governor in Council may make regulations (a) respecting the circumstances in which a foreign bank or an entity associated with a foreign bank may acquire or hold control of, or acquire or hold a substantial investment in, a Canadian entity that engages in activities that a bank is permitted to engage in under paragraph 410(1)(b.1) or (c); and (b) imposing terms and conditions in respect of the acquisition or holding of control of, or acquisition or holding of a substantial investment in, an entity referred to in paragraph (a).
Bank Act — B-1.01 522.081
Regulations 522.081 The Governor in Council may make regulations (a) respecting the circumstances in which a foreign bank or an entity associated with a foreign bank may acquire or hold control of, or acquire or hold a substantial investment in, a Canadian entity that engages in activities that a bank is permitted to engage in under paragraph 410(1)(b.1) or (c); and (b) imposing terms and conditions in respect of the acquisition or holding of control of, or acquisition or holding of a substantial investment in, an entity referred to in paragraph (a).
Bank Act — B-1.01 323
323 Paragraphs 522.22(1)(d) and (d.1) of the Act are repealed.
Bank Act — B-1.01 324
324 (1) Paragraphs 539(1)(b.1) and (b.2) of the Act are replaced by the following: (b.1) subject to sections 549 and 550 and the regulations, engage in any activity that relates to the provision of financial services by the authorized foreign bank or any of its affiliates; (b.2) 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 authorized foreign bank or any of its affiliates, or (B) the provision of financial services by any other entity,
Bank Act — B-1.01 324
324 (3) Paragraph 539(3)(c) of the Act is replaced by the following: (c) respecting the circumstances in which an authorized foreign bank may engage in the activities referred to in paragraphs (1)(b.1) and (b.2), including the circumstances in which it may collect, manipulate and transmit information under subparagraph (1)(b.2)(i).
Bank Act — B-1.01 325
325 Section 543 of the Act is replaced by the following: Networking 543 (1) Subject to sections 540, 546 and 549 and the regulations, an authorized foreign bank may, in Canada, (a) act as agent for any person in respect of (i) the carrying on of any activity referred to in subsection 410(1) or 539(1) that is engaged in by a financial institution, by an entity in which a bank is permitted to acquire a substantial investment under section 468, if that section were read without reference to the requirements of subsections 468(4) to (6), or by a Canadian entity acquired or held under section 522.08, 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 an authorized foreign bank is acting as agent under subsection (1); (b) respecting the disclosure of any commission being earned by an authorized foreign bank when acting as agent under subsection (1); (c) respecting the circumstances in which an authorized foreign 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 543.1 The Governor in Council may, for the purposes of section 538 and subsection 543(1), make regulations respecting what an authorized foreign bank is prohibited from doing when acting as an agent or when making referrals.
Bank Act — B-1.01 543
Networking 543 (1) Subject to sections 540, 546 and 549 and the regulations, an authorized foreign bank may, in Canada, (a) act as agent for any person in respect of (i) the carrying on of any activity referred to in subsection 410(1) or 539(1) that is engaged in by a financial institution, by an entity in which a bank is permitted to acquire a substantial investment under section 468, if that section were read without reference to the requirements of subsections 468(4) to (6), or by a Canadian entity acquired or held under section 522.08, 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 an authorized foreign bank is acting as agent under subsection (1); (b) respecting the disclosure of any commission being earned by an authorized foreign bank when acting as agent under subsection (1); (c) respecting the circumstances in which an authorized foreign 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-1.01 543.1
Regulations 543.1 The Governor in Council may, for the purposes of section 538 and subsection 543(1), make regulations respecting what an authorized foreign bank is prohibited from doing when acting as an agent or when making referrals.
Bank Act — B-1.01 326
326 (1) Section 930 of the Act is amended by adding the following after subsection (2): Permitted investments (2.1) Subject to subsections (3) to (6) and the regulations made under paragraphs (2.2)(a) and (b), a bank holding company may acquire control of, or acquire or increase a substantial investment in, an entity that a bank may acquire control of, or acquire or increase a substantial investment in, under subsection 468(2.1). Regulations (2.2) The Governor in Council may make regulations (a) 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 holding company may acquire control of, or acquire or increase a substantial investment in, under subsection (2.1); and (b) respecting the circumstances in which a bank holding company may acquire control of, or acquire or increase a substantial investment in, an entity under subsection (2.1). (2) Subparagraph 930(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 holding company, a bank would be permitted to acquire a substantial investment in the other entity under subsection 466(2), paragraph 466(3)(b) or (c) or subsection 466(4) or 468(1), (2) or (2.1); or (3) Subsection 930(5) of the Act is amended by adding “or” at the end of paragraph (c) and by repealing paragraphs (5)(d) and (d.1). (4) Paragraph 930(7)(a) of the Act is replaced by the following: (a) the bank holding company 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 holding company 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-1.01 327
327 The Act is amended by adding the following after section 930: Regulations 930.1 The Governor in Council may make regulations (a) respecting the circumstances in which a bank holding company 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 holding company 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).
Bank Act — B-1.01 930.1
Regulations 930.1 The Governor in Council may make regulations (a) respecting the circumstances in which a bank holding company 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 holding company 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).
Bank Act — B-1.01 328
328 Subsection 976.1(1) of the Act is replaced by the following: Application for certain approvals 976.1 (1) An application for the prior written approval of the Minister in respect of any of paragraphs 468(5)(b.1) or (c), 522.22(1)(c) or 930(5)(b.1) or (c) must be filed with the Superintendent and contain the information, material and evidence that the Superintendent may require.
Bank Act — B-1.01 976.1
Application for certain approvals 976.1 (1) An application for the prior written approval of the Minister in respect of any of paragraphs 468(5)(b.1) or (c), 522.22(1)(c) or 930(5)(b.1) or (c) must be filed with the Superintendent and contain the information, material and evidence that the Superintendent may require.
Bank Act — B-1.01 188
188 (1) Subsection 136(1) of the French version of the Bank Act is replaced by the following: Lieu des assemblées 136 (1) Les assemblées des actionnaires ou des membres se tiennent au Canada, au lieu que prévoient les règlements administratifs ou, à défaut, que choisissent les administrateurs. (2) Subsection 136(2) of the Act is replaced by the following: Participation by electronic means (2) Unless the by-laws provide otherwise and in accordance with any regulations, any person who is entitled to attend a meeting of shareholders or members may participate in the meeting by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting if the bank makes one available. A person who is participating in a meeting by one of those means is deemed for the purposes of this Act to be present at the meeting. Meeting held by electronic means (2.1) If the directors, shareholders or members of a bank call a meeting of shareholders or members under this Act, those directors, shareholders or members may determine that the meeting shall be held, in accordance with any regulations, entirely by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting, if the by-laws so provide.
Bank Act — B-1.01 136
Lieu des assemblées 136 (1) Les assemblées des actionnaires ou des membres se tiennent au Canada, au lieu que prévoient les règlements administratifs ou, à défaut, que choisissent les administrateurs.
Bank Act — B-1.01 189
189 Subsection 151(4) of the Act is replaced by the following: Voting while participating electronically (4) Unless the by-laws provide otherwise and in accordance with any regulations, any person who is participating in a meeting under subsection 136(2) or (2.1) and entitled to vote at that meeting may vote by means of the telephonic, electronic or other communication facility that the bank has made available for that purpose.
Bank Act — B-1.01 190
190 (1) Subsection 725(1) of the French version of the Act is replaced by the following: Lieu des assemblées 725 (1) Les assemblées des actionnaires se tiennent au Canada, au lieu que prévoient les règlements administratifs ou, à défaut, que choisissent les administrateurs. (2) Subsection 725(2) of the Act is replaced by the following: Participation by electronic means (2) Unless the by-laws provide otherwise and in accordance with any regulations, any person who is entitled to attend a meeting of shareholders may participate in the meeting by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting if the bank holding company makes one available. A person who is participating in a meeting by one of those means is deemed for the purposes of this Part to be present at the meeting. Meeting held by electronic means (2.1) If the directors or shareholders of a bank holding company call a meeting of shareholders under this Act, those directors or shareholders may determine that the meeting shall be held, in accordance with any regulations, entirely by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting, if the by-laws so provide.
Bank Act — B-1.01 725
Lieu des assemblées 725 (1) Les assemblées des actionnaires se tiennent au Canada, au lieu que prévoient les règlements administratifs ou, à défaut, que choisissent les administrateurs.
Bank Act — B-1.01 191
191 Subsection 740(4) of the Act is replaced by the following: Voting while participating electronically (4) Unless the by-laws provide otherwise and in accordance with any regulations, any person who is participating in a meeting of shareholders under subsection 725(2) or (2.1) and entitled to vote at that meeting may vote by means of the telephonic, electronic or other communication facility that the bank holding company has made available for that purpose.
Bank Act — B-1.01 398
398 The Bank Act is amended by adding the following after section 214: Disclosure Relating to Diversity Diversity 214.1 (1) The directors of a bank of a prescribed class must make available, in accordance with regulations made under subsection (2), information respecting diversity among directors and members of senior management, as defined by regulation, at the same time that a notice of annual meeting is sent under subsection 138(1) to shareholders or members entitled to receive that notice and to the Superintendent. Regulations (2) For the purposes of subsection (1), the Governor in Council may make regulations respecting the disclosure of information related to diversity among the directors and members of senior management of a bank of a prescribed class.
Bank Act — B-1.01 214.1
Diversity 214.1 (1) The directors of a bank of a prescribed class must make available, in accordance with regulations made under subsection (2), information respecting diversity among directors and members of senior management, as defined by regulation, at the same time that a notice of annual meeting is sent under subsection 138(1) to shareholders or members entitled to receive that notice and to the Superintendent. Regulations (2) For the purposes of subsection (1), the Governor in Council may make regulations respecting the disclosure of information related to diversity among the directors and members of senior management of a bank of a prescribed class.
Bank Act — B-1.01 399
399 The Act is amended by adding the following after section 801: Disclosure Relating to Diversity Diversity 801.1 (1) The directors of a bank holding company of a prescribed class must make available, in accordance with regulations made under subsection (2), information respecting diversity among directors and members of senior management, as defined by regulation, at the same time that a notice of annual meeting is sent under subsection 727(1) to shareholders entitled to receive that notice and to the Superintendent. Regulations (2) For the purposes of subsection (1), the Governor in Council may make regulations respecting the disclosure of information related to diversity among the directors and members of senior management of a bank holding company of a prescribed class.
Bank Act — B-1.01 801.1
Diversity 801.1 (1) The directors of a bank holding company of a prescribed class must make available, in accordance with regulations made under subsection (2), information respecting diversity among directors and members of senior management, as defined by regulation, at the same time that a notice of annual meeting is sent under subsection 727(1) to shareholders entitled to receive that notice and to the Superintendent. Regulations (2) For the purposes of subsection (1), the Governor in Council may make regulations respecting the disclosure of information related to diversity among the directors and members of senior management of a bank holding company of a prescribed class.
Bank Act — B-1.01 257
257 The heading before section 475 and sections 475 to 478 of the Bank Act are repealed.
Bank Act — B-1.01 258
258 Section 479 of the Act is amended by adding “or” at the end of paragraph (a), by striking out “or” at the end of paragraph (b) and by repealing paragraph (c).
Bank Act — B-1.01 259
259 Section 480 of the Act is amended by adding the following after subsection (1): Divestment order — portfolios of interests (1.1) Subject to subsection (1.2), the Superintendent may, by order, direct a bank to reduce, within any period that the Superintendent considers reasonable, the aggregate value of one or more of the following categories of interests by way of a disposition of a portion of that value: (a) the interests of the bank and its subsidiaries in real property; and (b) the following interests of the bank and its subsidiaries: (i) the participating shares of a body corporate that are beneficially owned by the bank and its subsidiaries, other than participating shares of a permitted entity in which the bank has a substantial investment, and (ii) the ownership interests in an unincorporated entity that are beneficially owned by the bank and its subsidiaries, other than ownership interests in a permitted entity in which the bank has a substantial investment. Prudential considerations (1.2) The Superintendent may make an order under subsection (1.1) only on the basis of prudential considerations that the Superintendent considers relevant with respect to the aggregate value of the category or categories of interests in question.
Bank Act — B-1.01 260
260 The heading before section 937 and sections 937 to 940 of the Act are repealed.
Bank Act — B-1.01 261
261 Section 941 of the Act is amended by adding “or” at the end of paragraph (a), by striking out “or” at the end of paragraph (b) and by repealing paragraph (c).
Bank Act — B-1.01 262
262 Section 942 of the Act is amended by adding the following after subsection (1): Divestment order — portfolios of interests (1.1) Subject to subsection (1.2), the Superintendent may, by order, direct a bank holding company to reduce, within any period that the Superintendent considers reasonable, the aggregate value of one or more of the following categories of interests by way of a disposition of a portion of that value: (a) the interests of the bank holding company and its subsidiaries in real property; and (b) the following interests of the bank holding company and its subsidiaries: (i) the participating shares of a body corporate that are beneficially owned by the bank holding company and its subsidiaries, other than participating shares of a permitted entity in which the bank holding company has a substantial investment, and (ii) the ownership interests in an unincorporated entity that are beneficially owned by the bank holding company and its subsidiaries, other than ownership interests in a permitted entity in which the bank holding company has a substantial investment. Prudential considerations (1.2) The Superintendent may make an order under subsection (1.1) only on the basis of prudential considerations that the Superintendent considers relevant with respect to the aggregate value of the category or categories of interests in question.
Bank Act — B-1.01 331
331 Section 627.22 of the Bank Act is replaced by the following: First amount available 627.22 An institution shall make the prescribed amount of all funds deposited by a cheque or other instrument into a retail deposit account available for withdrawal immediately or, if there is no prescribed amount, the first $250.
Bank Act — B-1.01 627.22
First amount available 627.22 An institution shall make the prescribed amount of all funds deposited by a cheque or other instrument into a retail deposit account available for withdrawal immediately or, if there is no prescribed amount, the first $250.
Bank Act — B-1.01 333
333 Subsection 627.01(1) of the Bank Act is amended by adding the following in alphabetical order: consumer-targeted fraud , in relation to a product or service in Canada that is offered, sold or provided by an institution to a natural person other than for business purposes, includes a transaction that is unauthorized or that is authorized as a result of coercion or deception. ( fraude ciblant les consommateurs )
Bank Act — B-1.01
consumer-targeted fraud , in relation to a product or service in Canada that is offered, sold or provided by an institution to a natural person other than for business purposes, includes a transaction that is unauthorized or that is authorized as a result of coercion or deception. ( fraude ciblant les consommateurs )
Bank Act — B-1.01 627.131
Activation of prescribed capability 627.131 (1) An institution shall not activate a prescribed capability for a personal deposit account in Canada without first obtaining, in accordance with the regulations, the express consent of the natural person who requested the opening of the account or in whose name it is kept. Deactivation of prescribed capability (2) An institution shall permit a natural person in whose name a personal deposit account in Canada is kept to deactivate a prescribed account capability.