GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Information Technology Activities (Banks) Regulations — 3
Prescribed activity 3 (1) For the purposes of paragraph 468(2)(f) of the Act and subject to subsections (2) and (3), a prescribed activity in relation to an entity is developing, designing, holding, managing, manufacturing, selling or otherwise dealing with any data transmission system, information site, communication device or information platform or portal that is used to provide information services. Limit on size of investment (2) A bank may not acquire control of, or hold, acquire or increase a substantial investment in, an entity engaging in an activity described in subsection (1) if the sum of the following exceeds 5% of the bank’s regulatory capital: (a) the aggregate balance sheet value of the shares and ownership interests that the bank and its subsidiaries, whether individually or jointly, would acquire in the entity under paragraph 468(2)(f) of the Act, (b) the aggregate balance sheet value of the shares and ownership interests held by the bank and its subsidiaries, whether individually or jointly, in entities engaging in an activity described in subsection (1) that the bank holds control of, or a substantial investment in, under paragraph 468(2)(f) of the Act, and (c) the aggregate value of outstanding loans made by the bank and its subsidiaries, whether individually or jointly, to entities engaging in an activity described in subsection (1) that the bank holds control of, or a substantial investment in, under paragraph 468(2)(f) of the Act. Restricted activities (3) A bank may not acquire control of, or hold, acquire or increase a substantial investment in, an entity engaging in an activity described in subsection (1) if the entity engages in the business of accepting deposit liabilities or if the activities of the entity include (a) activities that a bank is not permitted to engage in under any of sections 412, 417 and 418 of the Act; (b) dealing in securities, except as may be permitted under paragraph 468(2)(e) of the Act or as may be permitted to a bank under paragraph 409(2)(c) of the Act; (c) dealing in goods, wares or merchandise that a bank is not permitted to deal in under subsection 410(2) of the Act, other than as permitted under subsection (1); (d) activities that a bank is not permitted to engage in under section 416 of the Act if the entity engages in the activities of a finance entity or of any other entity prescribed under paragraph 468(3)(c) of the Act; (e) acquiring control of or acquiring or holding a substantial investment in another entity unless (i) in the case of an entity that is controlled by the bank, the bank itself would be permitted under Part IX of the Act to acquire a substantial investment in the other entity, or (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 466(2), paragraph 466(3)(b) or (c) or subsection 466(4) or 468(1) or (2) of the Act; or (f) any activity prescribed under paragraph 468(3)(e) of the Act. SOR/2008-168, s. 6
Information Technology Activities (Banks) Regulations — 4
Exemption from restrictions 4 For the purposes of subparagraph 3(3)(e)(ii), subsections 468(4) to (6) of the Act do not apply in determining whether a bank would be permitted to acquire a substantial investment in an entity under subsection 466(2), paragraph 466(3)(b) or (c) or subsection 466(4) or 468(1) or (2) of the Act.
Information Technology Activities (Banks) Regulations — 5
Non-application 5 Subsection 468(5) of the Act does not apply where, under paragraph 468(2)(f) of the Act, a bank acquires control of, or acquires or increases a substantial investment in, an entity whose business is limited to activities described in subsection 3(1). Nothing in this section limits the operation of subsections 3(2) and (3).
Information Technology Activities (Banks) Regulations — 6
Coming into force 6 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Bank Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 936 a and 978 a of the Bank Act b , hereby makes the annexed Information Technology Activities (Bank Holding Companies) Regulations . a S.C. 2001, c. 9, s. 183 b S.C. 1991, c. 46
Information Technology Activities (Bank Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Bank 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. 7] SOR/2008-168, s. 7
Information Technology Activities (Bank Holding Companies) Regulations — Information Technology Activities (Bank Holding Companies) 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 )
Information Technology Activities (Bank Holding Companies) Regulations — Information Technology Activities (Bank Holding Companies) Regulations
book value [Repealed, SOR/2008-168, s. 7]
Information Technology Activities (Bank Holding Companies) Regulations — 3
Exemption from restrictions 3 For the purposes of subparagraph 2(3)(e)(ii), subsections 468(4) to (6) of the Act do not apply in determining whether a bank would be permitted to acquire a substantial investment in an entity under subsection 466(2), paragraph 466(3)(b) or (c) or subsection 466(4) or 468(1) or (2) of the Act.
Information Technology Activities (Bank Holding Companies) Regulations — 4
Non-application 4 Subsection 930(5) of the Act does not apply where, under paragraph 930(2)(f) of the Act, the bank holding company acquires control of, or acquires or increases a substantial investment in, an entity whose business is limited to activities described in subsection 2(1). Nothing in this section limits the operation of subsections 2(2) and (3).
Information Technology Activities (Bank Holding Companies) Regulations — 5
Coming into force 5 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Canadian Societies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 560 a and 1021 b of the Insurance Companies Act c , hereby makes the annexed Information Technology Activities (Canadian Societies) Regulations . a S.C. 2001, c. 9, s. 437 b S.C. 2001, c. 9, s. 465 c S.C. 1991, c. 47
Information Technology Activities (Canadian Societies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies 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. 19] SOR/2008-168, s. 19
Information Technology Activities (Canadian Societies) Regulations — Information Technology Activities (Canadian Societies) Regulations
Act means the Insurance Companies Act . ( Loi )
Information Technology Activities (Canadian Societies) Regulations — Information Technology Activities (Canadian Societies) 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 )
Information Technology Activities (Canadian Societies) Regulations — Information Technology Activities (Canadian Societies) Regulations
book value [Repealed, SOR/2008-168, s. 19]
Information Technology Activities (Canadian Societies) Regulations — 3
Exemption from restrictions 3 For the purposes of subparagraph 2(3)(f)(ii), subsections 554(4) and (5) of the Act do not apply in determining whether a society would be permitted to acquire a substantial investment in an entity under subsection 552(2), paragraph 552(3)(b) or (c) or subsection 554(1) or (2) of the Act.
Information Technology Activities (Canadian Societies) Regulations — 4
Coming into force 4 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Cooperative Credit Associations) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 396 a and 463 b of the Cooperative Credit Associations Act c , hereby makes the annexed Information Technology Activities (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
Information Technology Activities (Cooperative Credit Associations) Regulations — 1
Definitions 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. 13] member of an association’s group has the same meaning as in subsection 386(2) of the Act. ( membre du groupe d’une association ) SOR/2008-168, s. 13
Information Technology Activities (Cooperative Credit Associations) Regulations — Information Technology Activities (Cooperative Credit Associations) Regulations
Act means the Cooperative Credit Associations Act . ( Loi )
Information Technology Activities (Cooperative Credit Associations) Regulations — Information Technology Activities (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 )
Information Technology Activities (Cooperative Credit Associations) Regulations — Information Technology Activities (Cooperative Credit Associations) Regulations
book value [Repealed, SOR/2008-168, s. 13]
Information Technology Activities (Cooperative Credit Associations) Regulations — Information Technology Activities (Cooperative Credit Associations) Regulations
member of an association’s group has the same meaning as in subsection 386(2) of the Act. ( membre du groupe d’une association )
Information Technology Activities (Cooperative Credit Associations) Regulations — 2
Prescribed purpose or circumstance 2 For the purposes of subparagraph 376(1)(h)(iii) of the Act and subject to the approval required under paragraph 376(1)(h) of the Act, an association may develop, design, hold, manage, manufacture, sell or otherwise deal with data transmission systems, information sites, communication devices or information platforms or portals that are used for a purpose or in a circumstance that is materially related to the provision of financial products or services by the association or a member of the association’s group.
Information Technology Activities (Cooperative Credit Associations) Regulations — 4
Exemption from restrictions 4 For the purposes of subparagraph 3(3)(e)(ii), subsections 390(4) to (6) of the Act do not apply in determining whether an association would be permitted to acquire a substantial investment in an entity under subsection 388(2), paragraph 388(3)(b) or (c) or subsection 388(4) or 390(1) or (2) of the Act.
Information Technology Activities (Cooperative Credit Associations) Regulations — 5
Non-application 5 Subsection 390(5) of the Act does not apply where, under paragraph 390(2)(f) of the Act, an association acquires control of, or acquires or increases of a substantial investment in, an entity whose business is limited to activities described in subsection 3(1).  Nothing in this section limits the operation of subsections 3(2) and (3).
Information Technology Activities (Cooperative Credit Associations) Regulations — 6
Coming into force 6 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Foreign Banks) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 522.23 a and 978 b of the Bank Act c , hereby makes the annexed Information Technology Activities (Foreign Banks) Regulations . a S.C. 2001, c. 9, s. 132 b S.C. 2001, c. 9, s. 183 c S.C. 1991, c. 46
Information Technology Activities (Foreign Banks) Regulations — 1
Definitions 1 (1) The following definitions apply in these Regulations. Act means the Bank Act . ( Loi ) balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on the entity’s balance sheet on an unconsolidated basis. ( valeur au bilan ) book value [Repealed, SOR/2008-161, s. 1] minority interest means an equity interest, in an entity that is controlled by a foreign bank, that is held by a person other than (a) the foreign bank; or (b) an entity controlled by the foreign bank. ( participation minoritaire ) Regulatory capital (2) In these Regulations, subject to subsection (3), the regulatory capital of a foreign bank, 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 are reported in the financial statements of the foreign bank; and B is the amount of goodwill that is included in the financial statements of the foreign bank. Restriction relating to security (3) In calculating the amount of regulatory capital under subsection (2), 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. SOR/2008-161, s. 1
Information Technology Activities (Foreign Banks) Regulations — Information Technology Activities (Foreign Banks) Regulations
balance sheet value , in respect of the shares and ownership interests held by an entity, means the value reported on the entity’s balance sheet on an unconsolidated basis. ( valeur au bilan )
Information Technology Activities (Foreign Banks) Regulations — Information Technology Activities (Foreign Banks) Regulations
book value [Repealed, SOR/2008-161, s. 1]
Information Technology Activities (Foreign Banks) Regulations — (a)
minority interest means an equity interest, in an entity that is controlled by a foreign bank, that is held by a person other than (a) the foreign bank; or (b) an entity controlled by the foreign bank. ( participation minoritaire )
Information Technology Activities (Foreign Banks) Regulations — 2
ragraph 409(2)(c) of the Act; (c) dealing in goods, wares or merchandise that a bank is not permitted to deal in under subsection 410(2) of the Act, other than as permitted under subsection (1); (d) activities that a bank is not permitted to engage in under section 416 of the Act if the Canadian entity engages in the activities of a finance entity or of any other entity prescribed under paragraph 522.08(2)(c) of the Act; (e) acquiring or holding control of, or a substantial investment in, another Canadian entity unless (i) in the case of a Canadian entity that is controlled by the foreign bank or the entity associated with a foreign bank, the foreign bank or the entity associated with a foreign bank itself would be permitted to acquire or hold control of, or a substantial investment in, the other Canadian entity under section 522.07, 522.08 or 522.1 or Division 8 of Part XII of the Act, or (ii) in the case of a Canadian entity that is not controlled by the foreign bank or the entity associated with a foreign bank, the foreign bank or the entity associated with a foreign bank itself would be permitted to acquire or hold control of, or a substantial investment in, the other Canadian entity under section 522.07 or 522.08, any of paragraphs 522.1(a) or (c) to (e) or Division 8 of Part XII of the Act; or (f) any activity prescribed under paragraph 522.08(2)(e) of the Act. SOR/2008-161, ss. 2, 4
Information Technology Activities (Foreign Banks) Regulations — 3
Exemption from restrictions 3 For the purposes of subparagraph 2(4)(e)(ii), subsection 522.22(1) of the Act does not apply in determining whether a foreign bank or an entity associated with a foreign bank would be permitted to acquire or hold control of, or a substantial investment in, a Canadian entity under section 522.07 or 522.08, any of paragraphs 522.1(a) or (c) to (e) or Division 8 of Part XII of the Act. SOR/2008-161, s. 3
Information Technology Activities (Foreign Banks) Regulations — 4
Non-application 4 Subsection 522.22(1) of the Act does not apply where, under paragraph 522.08(1)(f) of the Act, a foreign bank acquires or holds control of, or a substantial investment in, a Canadian entity whose business is limited to activities described in subsection 2(1). Nothing in this section limits the operation of subsections 2(2) and (4).
Information Technology Activities (Foreign Banks) Regulations — 5
Non-application 5 Subsection 522.22(1) of the Act does not apply where, under paragraph 522.08(1)(f) of the Act, an entity associated with a foreign bank acquires or holds control of, or a substantial investment in, a Canadian entity whose business is limited to activities described in subsection 2(1). Nothing in this section limits the operation of subsections 2(3) and (4).
Information Technology Activities (Foreign Banks) Regulations — 6
Coming into force 6 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Insurance Holding Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 977 a and 1021 a of the Insurance Companies Act b , hereby makes the annexed Information Technology Activities (Insurance Holding Companies) Regulations . a S.C. 2001, c. 9, s. 465 b S.C. 1991, c. 47
Information Technology Activities (Insurance Holding Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies 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. 21] SOR/2008-168, s. 21
Information Technology Activities (Insurance Holding Companies) Regulations — Information Technology Activities (Insurance Holding Companies) Regulations
Act means the Insurance Companies Act . ( Loi )
Information Technology Activities (Insurance Holding Companies) Regulations — Information Technology Activities (Insurance Holding Companies) 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 )
Information Technology Activities (Insurance Holding Companies) Regulations — Information Technology Activities (Insurance Holding Companies) Regulations
book value [Repealed, SOR/2008-168, s. 21]
Information Technology Activities (Insurance Holding Companies) Regulations — 3
Exemption from restrictions 3 For the purposes of subparagraph 2(3)(e)(ii), subsections 495(6) to (8) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 493(4) or 495(1) or (2) of the Act.
Information Technology Activities (Insurance Holding Companies) Regulations — 4
Non-application 4 Subsection 971(5) of the Act does not apply where, under paragraph 971(2)(f) of the Act, an insurance holding company acquires control of, or acquires or increases a substantial investment in, an entity whose business is limited to activities described in subsection 2(1). Nothing in this section limits the operation of subsections 2(2) and (3).
Information Technology Activities (Insurance Holding Companies) Regulations — 5
Coming into force 5 These Regulations come into force on the day on which they are registered.
Information Technology Activities (Life Companies) Regulations — a
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 501 a and 1021 b of the Insurance Companies Act c , hereby makes the annexed Information Technology Activities (Life Companies) Regulations . a S.C. 2001, c. 9, s. 426 b S.C. 2001, c. 9, s. 465 c S.C. 1991, c. 47
Information Technology Activities (Life Companies) Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Insurance Companies 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. 23] member of a life company’s group has the same meaning as in subsection 490(2) of the Act. ( membre du groupe d’une société d’assurance-vie ) SOR/2008-168, s. 23
Information Technology Activities (Life Companies) Regulations — Information Technology Activities (Life Companies) Regulations
Act means the Insurance Companies Act . ( Loi )
Information Technology Activities (Life Companies) Regulations — Information Technology Activities (Life Companies) 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 )
Information Technology Activities (Life Companies) Regulations — Information Technology Activities (Life Companies) Regulations
book value [Repealed, SOR/2008-168, s. 23]
Information Technology Activities (Life Companies) Regulations — Information Technology Activities (Life Companies) Regulations
member of a life company’s group has the same meaning as in subsection 490(2) of the Act. ( membre du groupe d’une société d’assurance-vie )
Information Technology Activities (Life Companies) Regulations — 2
Prescribed purpose or circumstance 2 For the purposes of subparagraph 441(1)(d.1)(iii) of the Act and subject to the approval required under paragraph 441(1)(d.1) of the Act, a life company may develop, design, hold, manage, manufacture, sell or otherwise deal with data transmission systems, information sites, communication devices or information platforms or portals that are used for a purpose or in a circumstance that is materially related to the provision of financial products or services by the life company or a member of the life company’s group.
Information Technology Activities (Life Companies) Regulations — 4
Exemption from restrictions 4 For the purposes of subparagraph 3(3)(e)(ii), subsections 495(6) to (8) of the Act do not apply in determining whether a life company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 493(4) or 495(1) or (2) of the Act.
Information Technology Activities (Life Companies) Regulations — 5
Non-application 5 Subsection 495(7) of the Act does not apply where, under paragraph 495(2)(f) of the Act, a life company acquires control of, or acquires or increases a substantial investment in, an entity whose business is limited to activities described in subsection 3(1). Nothing in this section limits the operation of subsections 3(2) and (3).
Information Technology Activities (Life Companies) Regulations — 6
Coming into force 6 These Regulations come into force on the day on which they are registered.