GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Affiliated Persons (Trust and Loan Companies) Regulations — (a)
significant borrower , in respect of a company, means (a) a natural person who has indebtedness for money borrowed from the company or from an affiliate of the company, other than a loan secured by a mortgage on the principal residence of that person, the total principal of which exceeds the greater of (i) $200,000, and (ii) one fiftieth of one per cent of the regulatory capital of the company, or (b) an entity that has indebtedness for money borrowed from the company or from an affiliate of the company the total principal of which exceeds the greatest of (i) $500,000, (ii) one twentieth of one per cent of the regulatory capital of the company, and (iii) twenty-five per cent of the value of the assets of the entity. ( emprunteur important )
Affiliated Persons (Trust and Loan Companies) Regulations — 3
3 For the purposes of section 166 of the Act, a natural person is affiliated with a company where the person (a) is an officer or employee of the company or of an affiliate of the company; (b) has a significant interest in a class of shares of the company; (c) has a substantial investment in an affiliate of the company; (d) is a significant borrower in respect of the company; (e) is an officer or employee of an entity that is a significant borrower in respect of the company; (f) controls one or more entities of which the total indebtedness to the company or to an affiliate of the company would cause those entities, if treated as a single entity, to be a significant borrower of the company; (g) provides goods or services to the company, or is a partner or an employee in a partnership that provides goods or services to the company or an officer or employee of, or a person who has a substantial investment in, a body corporate that provides goods or services to the company, if the total annual billings to the company in respect of the goods and services provided exceeds ten per cent of the total annual billings of the person, partnership or body corporate, as the case may be; (h) has a loan that is not in good standing from the company or from an affiliate of the company or is a director, an officer or an employee of, or a person who controls, an entity that has a loan that is not in good standing from the company or from an affiliate of the company; or (i) is the spouse or common-law partner of a person described in any of paragraphs (a) to (h). SOR/2001-196, s. 1
Disclosure of Charges (Trust and Loan Companies) Regulations — *
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 429, 431 to 433 and 531 of the Trust and Loan Companies Act * , is pleased hereby to make the annexed Regulations respecting the disclosure by companies of charges applicable to deposit accounts and services , effective June 1, 1992. * S.C. 1991, c. 45
Disclosure of Charges (Trust and Loan Companies) Regulations — 1
1 These Regulations may be cited as the Disclosure of Charges (Trust and Loan Companies) Regulations .
Disclosure of Charges (Trust and Loan Companies) Regulations — 2
2 The following definitions apply in these Regulations. controlled access automated teller machine means an automated teller machine located in a branch or a point of service of a company, or in an enclosed area adjacent to a branch or a point of service of a company, access to which is controlled by a system that permits entry to automated teller machine users. ( guichet automatique à accès contrôlé ) point of service means a physical location to which the public has access and at which a company carries on business with the public and opens or initiates the opening of retail deposit accounts through natural persons. ( point de service ) SOR/2009-52, s. 1
Disclosure of Charges (Trust and Loan Companies) Regulations — Disclosure of Charges (Trust and Loan Companies) Regulations
controlled access automated teller machine means an automated teller machine located in a branch or a point of service of a company, or in an enclosed area adjacent to a branch or a point of service of a company, access to which is controlled by a system that permits entry to automated teller machine users. ( guichet automatique à accès contrôlé )
Disclosure of Charges (Trust and Loan Companies) Regulations — Disclosure of Charges (Trust and Loan Companies) Regulations
point of service means a physical location to which the public has access and at which a company carries on business with the public and opens or initiates the opening of retail deposit accounts through natural persons. ( point de service )
Disclosure of Charges (Trust and Loan Companies) Regulations — 3
3 A company shall disclose to its customers and to the public all charges applicable to personal deposit accounts with the company by means of a written statement, copies of which shall be displayed and made available to customers and to the public at each of company’s branches where products and services are offered, at each of the company’s points of service and on the company’s websites through which products or services are offered in Canada. SOR/94-687, s. 5(F); SOR/2009-52, s. 2
Disclosure of Charges (Trust and Loan Companies) Regulations — 4
4 Where a company increases a charge applicable to personal deposit accounts with the company or introduces a new charge applicable to personal deposit accounts with the company, the company shall disclose the increase or new charge, as the case may be, to each customer in whose name such an account is kept (a) with respect to a customer to whom a statement of account is provided, (i) by means of a notice in writing provided to the customer at least 30 days before the effective date of the increase or new charge, or (ii) where the customer has instructed the company in writing to provide such a notice to another person, by means of a notice provided to that other person at least 30 days before the effective date of the increase or new charge; and (b) with respect to a customer to whom a statement of account is not provided (i) by means of a notice that is displayed, for a period of at least 60 days immediately before the effective date of the increase or new charge, at each branch of the company where products or services are offered, at each of the company’s points of service, at each controlled access automated teller machines on which the name of the company or information identifying the machine with the company is displayed and on the company’s websites through which products or services are offered in Canada, and (ii) by means of a notice, electronic or otherwise, advising customers of the increase or new charge and the manner in which further details can be obtained, which notice shall be provided, for a period of at least 60 days immediately before the effective date of the increase or new charge, at all automated teller machines, other than controlled access automated teller machines, on which the name of the company or information identifying the machine with the company is displayed. SOR/2009-52, s. 3
Disclosure of Charges (Trust and Loan Companies) Regulations — 5
5 (1) A company shall disclose to its customers and to the public all charges applicable to any of the following services provided by the company in respect of deposit accounts with the company, other than personal deposit accounts, by means of a written statement, copies of which shall be displayed and made available to customers and to the public at each branch of the company at which deposit accounts are kept, at each of the company’s points of service and on the company’s websites through which products or services are offered in Canada: (a) acceptance of deposits; (b) acceptance of coins, cheques or Bank of Canada notes for deposit; (c) issuance of cheques; (d) certification of cheques; (e) handling of a cheque presented by a customer that is subsequently returned because there are not sufficient funds; (f) holding of cheques for deposit; (g) handling of cheques drawn in the currency of the United States; (h) processing of a stop payment on a cheque; (i) handling of a cheque issued by a customer that is subsequently returned because there are not sufficient funds; (j) supply of coins and Bank of Canada notes; (k) handling of overdrafts; (l) transfers between accounts; (m) supply of account statements; (n) handling of account confirmations; (o) conducting searches related to an account; (p) provision of information in regard to an account balance; (q) closing of an account; and (r) handling of unclaimed balances in inactive accounts. (2) The written statement referred to in subsection (1) shall (a) indicate that the statement sets out all charges for services provided by the company in respect of deposit accounts with the company other than personal deposit accounts; or (b) indicate that the statement does not set out all of the charges referred to in paragraph (a) and set out the manner in which information regarding charges not included in the statement can be obtained. SOR/94-687, s. 5(F); SOR/2009-52, s. 4
Disclosure of Charges (Trust and Loan Companies) Regulations — 6
6 Where a company increases a charge applicable to a service referred to in subsection 5(1), the company shall disclose the increase (a) with respect to customers to whom a statement of account is provided, (i) by means of a notice in writing provided to the customer at least 30 days before the effective date of the increase, or (ii) where the customer has instructed the company in writing to provide such a notice to another person, by means of a notice in writing provided to that other person at least 30 days before the effective date of the increase; and (b) with respect to customers to whom a statement of account is not provided, by means of a notice that is displayed for a period of at least 60 days immediately before the effective date of the increase at each branch of the company where products or services are offered, at each of the company’s points of service and on the company’s websites through which products or services are offered in Canada. SOR/2009-52, s. 5
Disclosure of Charges (Trust and Loan Companies) Regulations — 7
7 Section 6 does not apply in respect of a customer who has agreed in writing that the company will charge an amount other than an amount required to be disclosed pursuant to subsection 5(1).
Disclosure of Charges (Trust and Loan Companies) Regulations — 8
8 (1) A company shall maintain, at each of its branches where products or services are offered, at each of its points of service and on its websites through which products or services are offered in Canada, a list of the charges applicable to deposit accounts with the company and the usual amount charged by the company for services normally provided by the company to its customers and to the public. (2) A company shall, on request, make the list available to its customers and to the public for inspection during business hours at each of its branches and points of service referred to in subsection (1). SOR/2009-52, s. 6
Insurance Business (Banks and Bank Holding Companies) Regulations — *
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 416 of the Bank Act * , is pleased hereby to make the annexed Regulations respecting the extent to which a bank may undertake the business of insurance and relations between banks and entities that undertake the business of insurance, insurance agents and insurance brokers , effective June 1, 1992. * S.C. 1991, c. 46
Insurance Business (Banks and Bank Holding Companies) Regulations — 2
 person for dental care necessitated by an accident while on the trip, or (v) in the event that the person dies while on the trip, against expenses incurred for the return of that person’s remains to the place where the person was ordinarily resident before death, or for travel expenses incurred by a relative of that person who must travel to identify that person’s remains. ( assurance voyage ) SOR/2001-190, s. 1; SOR/2002-269, s. 3; SOR/2011-183, s. 1
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
authorized type of insurance means (a) credit or charge card-related insurance, (b) creditors’ disability insurance, (c) creditors’ life insurance, (d) creditors’ loss of employment insurance, (e) creditors’ vehicle inventory insurance, (f) export credit insurance, (g) mortgage insurance, or (h) travel insurance; ( assurance autorisée )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
bank web page means a web page that a bank uses in relation to its business in Canada, including any information provided by the bank that is accessible on a telecommunications device. It does not include a web page that is only accessible by employees or agents of the bank; ( page Web de banque )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
credit or charge card-related insurance , in respect of a bank, means a policy of an insurance company that provides insurance to the holder of a credit or charge card issued by the bank as a feature of the card, without request and without an individual assessment of risk, (a) against loss of, or damage to, goods purchased with the card, (b) under which the insurance company undertakes to extend a warranty provided by the manufacturer of goods purchased with the card, or (c) against any loss arising from a contractual liability assumed by the holder when renting a vehicle, when the rental is paid for with the card; ( assurance carte de crédit ou de paiement )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
creditors’ disability insurance , in respect of a bank, means a group insurance policy that will pay all or part of the amount of a debt of a debtor to the bank, or to a loan company that is an affiliate of the bank, in the event of bodily injury to, or an illness or disability of, (a) where the debtor is a natural person, the debtor or the spouse or common-law partner of the debtor, (b) a natural person who is a guarantor of all or part of the debt, (c) where the debtor is a body corporate, any director or officer of the body corporate, or (d) where the debtor is an entity, any natural person who is essential to the ability of the debtor to meet the debtor’s financial obligations to the bank or to the loan company; ( assurance-invalidité de crédit )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
creditors’ life insurance , in respect of a bank, means a group insurance policy that will pay to the bank, or to a loan company that is an affiliate of the bank, all or part of the amount of a debt of a debtor or, where a debt is in respect of a small business or a farm, fishery or ranch, all or part of the amount of the credit limit of a line of credit, in the event of the death of (a) where the debtor is a natural person, the debtor or the spouse or common-law partner of the debtor, (b) a natural person who is a guarantor of all or part of the debt, (c) where the debtor is a body corporate, a director or officer of the body corporate, or (d) where the debtor is an entity, any natural person who is essential to the ability of the debtor to meet the debtor’s financial obligations to the bank or to the loan company; ( assurance-vie de crédit )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
creditors’ loss of employment insurance , in respect of a bank, means a policy of an insurance company that will pay, without any individual assessment of risk, all or part of the amount of a debt of a debtor to the bank, or to a loan company that is an affiliate of the bank, in the event that (a) the debtor, if the debtor is a natural person, becomes involuntarily unemployed, or (b) a natural person who is a guarantor of all or part of the debt becomes involuntarily unemployed; ( assurance crédit en cas de perte d’emploi )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
creditors’ vehicle inventory insurance , in respect of a bank, means a policy of an insurance company that provides insurance against direct and accidental loss or damage to vehicles that are held in stock for display and sale purposes by a debtor of the bank, some or all of which have been financed by the bank; ( assurance crédit pour stocks de véhicules )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
export credit insurance means a policy of an insurance company that provides insurance to an exporter of goods or services against a loss incurred by the exporter due to a non-payment for exported goods or services; ( assurance crédit des exportateurs )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
group insurance policy , in respect of a bank, means a contract of insurance between an insurance company and the bank, or between an insurance company and a loan company that is an affiliate of the bank, that provides insurance severally in respect of a group of identifiable persons who individually hold certificates of insurance; ( police d’assurance collective )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
insurance company means an entity that is approved, registered or otherwise authorized to insure risks under an Act of Parliament or of the legislature of a province; ( société d’assurances )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
line of credit means a commitment on the part of a bank to lend to a debtor, without a predetermined repayment schedule, one or more amounts, where the aggregate amount outstanding does not exceed a predetermined credit limit, which limit does not exceed the reasonable credit needs of the debtor; ( marge de crédit )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
loan company means a company incorporated under the Trust and Loan Companies Act or a loan or trust corporation incorporated by or under an Act of the legislature of a province; ( société de prêt )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
mortgage insurance , in respect of a bank, means an insurance policy that provides insurance to the bank, or to a loan company that is an affiliate of the bank, against loss caused by a default on the part of a debtor who is a natural person under a loan from the bank or from the loan company that is secured by a mortgage on real property or on an interest in real property; ( assurance hypothèque )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
personal accident insurance means a group insurance policy that provides insurance to a natural person (a) whereby the insurance company undertakes to pay one or more sums of money in the event of bodily injury to, or the death of, the person that is caused by an accident, or (b) whereby the insurance company undertakes to pay a certain sum for each day that the person is hospitalized in the event of bodily injury to the person that is caused by an accident or in the event of an illness or disability of the person; ( assurance accidents corporels )
Insurance Business (Banks and Bank Holding Companies) Regulations — Insurance Business (Banks and Bank Holding Companies) Regulations
small business means a business that is or, if it were incorporated, would be a small business corporation within the meaning of subsection 248(1) of the Income Tax Act ; ( petite entreprise )
Insurance Business (Banks and Bank Holding Companies) Regulations — (a)
travel insurance means (a) a policy of an insurance company that provides insurance to a natural person in respect of a trip by the person away from the place where the person ordinarily resides, without any individual assessment of risk, against (i) loss that results from the cancellation or interruption of the trip, (ii) loss of, or damage to, personal property that occurs while on the trip, or (iii) loss that is caused by the delayed arrival of personal baggage while on the trip, or (b) a group insurance policy that provides insurance to a natural person in respect of a trip by the person away from the province in which the person ordinarily resides (i) against expenses incurred while on the trip that result from an illness or the disability of the person that occurs on the trip, (ii) against expenses incurred while on the trip that result from bodily injury to, or the death of, the person caused by an accident while on the trip, (iii) whereby the insurance company undertakes to pay one or more sums of money in the event of an illness or the disability of the person that occurs on the trip, or of bodily injury to, or the death of, the person that is caused by an accident while on the trip, (iv) against expenses incurred by the person for dental care necessitated by an accident while on the trip, or (v) in the event that the person dies while on the trip, against expenses incurred for the return of that person’s remains to the place where the person was ordinarily resident before death, or for travel expenses incurred by a relative of that person who must travel to identify that person’s remains. ( assurance voyage )
Insurance Business (Banks and Bank Holding Companies) Regulations — 2.1
2.1 For the purposes of these Regulations, a web page is not a bank web page by reason only that the web page provides access to a bank web page or promotes the business of a bank in Canada. SOR/2011-183, s. 2
Insurance Business (Banks and Bank Holding Companies) Regulations — 3
3 A bank may carry on any aspect of the business of insurance, other than the underwriting of insurance, outside Canada. SOR/2011-183, s. 3
Insurance Business (Banks and Bank Holding Companies) Regulations — 4
4 (1) A bank may administer an authorized type of insurance and personal accident insurance. (2) A bank may administer a group insurance policy for (a) its employees or the employees of an entity that the bank holds control of, or a substantial investment in, under section 468 of the Act; (b) the employees of (i) another bank or a bank holding company, that controls the bank, or (ii) an entity that the other bank or the bank holding company, referred to in subparagraph (i), holds control of, or a substantial investment in, under section 468 or 930 of the Act; (c) the employees of an entity that an affiliate of the bank holds control of, or a substantial investment in, in accordance with section 522.07 or 522.08 or subsection 522.32(1) or (3) of the Act; (d) the employees in Canada of an authorized foreign bank that is an affiliate of the bank; and (e) if the bank is controlled by a foreign bank, the employees in Canada of an affiliate of the foreign bank that is an entity referred to in section 522.17 or 522.18 of the Act and that carries on a business described in one of those sections. SOR/2002-269, s. 4
Insurance Business (Banks and Bank Holding Companies) Regulations — 5
5 (1) A bank may provide advice regarding an authorized type of insurance or a service in respect of an authorized type of insurance. (2) A bank may provide advice in respect of an insurance policy that is not of an authorized type of insurance, or services in respect thereof, if (a) the advice is general in nature; (b) the advice is not in respect of (i) a specific risk, proposal in respect of life insurance, insurance policy or service, or (ii) a particular insurance company, agent or broker; and (c) the bank does not thereby refer any person to a particular insurance company, agent or broker.