GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Canada Deposit Insurance Corporation Differential Premiums By-law — 10
10 Subject to subsection 11(4), if a member institution that started operating as a member institution after April 30 of the year preceding the filing year would be classified in premium category 1 in accordance with section 7 if it did not have any subsidiaries of the type described in paragraph 7(2)(b), the Corporation shall assign to that institution the highest of the total scores assigned to each of its subsidiaries that (a) on the day preceding the day that the institution started to operate as a member institution was not a subsidiary of another member institution; and (b) is not a subsidiary of another member institution. SOR/2002-126, s. 5 SOR/2019-43, s. 8
Canada Deposit Insurance Corporation Differential Premiums By-law — 11
11 (1) In order to determine the total score of a member institution formed by an amalgamation involving one or more member institutions that occurred after April 30 of the year preceding the filing year and on or before April 30 of the filing year, the Corporation shall add together the score assigned to the amalgamated member institution in respect of quantitative factors under subsection (2) and the score assigned to that institution in respect of qualitative factors and criteria under subsection (3). (2) The following score shall be assigned to an amalgamated member institution referred to in subsection (1) in respect of quantitative factors: (a) where the amalgamated member institution has a fiscal year ending in the year preceding the filing year, the sum of the scores assigned to that institution under sections 21 to 27 or, in the case of a member institution that is a Category III SMSB, the sum of those scores multiplied by one and one-third; and (b) where the amalgamated member institution does not have a fiscal year ending in the year preceding the filing year, (i) if only one of the amalgamating institutions is a member institution, the sum of the scores assigned to that member institution under sections 21 to 27 or, if that member institution is a Category III SMSB, the sum of those scores multiplied by one and one-third, and (ii) if two or more of the amalgamating institutions are member institutions, the highest of the sums of the scores assigned under sections 21 to 27 to each of those member institutions that is not a Category III SMSB and the sums of the scores — multiplied by one and one-third — assigned under sections 21 to 27 to each of those member institutions that is a Category III SMSB. (3) The score assigned to an amalgamated member institution referred to in subsection (1) in respect of qualitative factors and criteria shall consist of the sum of (a) the score assigned to it under section 28 or, if no score can be assigned to it under that section, the score that would have been assigned under section 28 to the amalgamating member institution whose score in respect of quantitative factors was used to determine the score of the amalgamated member institution in respect of those factors for the purpose of subsection (2), if that section applied to that amalgamating member institution, and (b) [Repealed, SOR/2006-47, s. 3] (c) the score assigned to the amalgamated member institution under section 30. (4) Where section 10 and this section both apply in respect of a member institution, this section shall prevail. SOR/2006-47, s. 3 SOR/2025-117, s. 6
Canada Deposit Insurance Corporation Differential Premiums By-law — 12
12 (1) A member institution shall be classified in premium category 5 if it (a) has submitted a Reporting Form in accordance with paragraph 15(4)(a) or 16(2)(a), as the case may be, but has not, before July 1 of the filing year, submitted audited financial statements and a revised Reporting Form or a declaration that the audited financial statements confirm the information set out in the Reporting Form and no modifications are required to be made to the Reporting Form or to the returns and documents referred to in paragraphs 15(1)(c) and (e), as previously submitted; or (b) has not, by April 30 of the filing year, submitted the declaration referred to in paragraph 7(1)(b) or the documents required by paragraphs 15(1)(a) to (c) and (e) or section 16. (2) [Repealed, SOR/2019-43, s. 9] (3) Subsection (1) does not apply to a member institution referred to in subsection 7(2.1). SOR/2002-126, s. 6; SOR/2010-4, s. 2; SOR/2015-75, s. 5; SOR/2017-22, s. 3 SOR/2019-43, s. 9 SOR/2025-117, s. 7
Canada Deposit Insurance Corporation Differential Premiums By-law — 14
14 (1) The Corporation shall, not later than July 15 of each premium year, notify every member institution of the premium category in which it has been classified under this By-law for that premium year. (2) If the Corporation reviews the classification of a member institution based on information in respect of the institution that has come to its attention, including new or supplementary information submitted by the institution, and, as a result of that review, classifies the institution in a different premium category, the Corporation shall as soon as feasible notify the institution of that change. (3) [Repealed, SOR/2015-75, s. 6] SOR/2010-307, s. 5; SOR/2015-75, s. 6
Canada Deposit Insurance Corporation Differential Premiums By-law — 15
ously submitted, or (ii) submit a revised Reporting Form and the returns and documents referred to in paragraphs (1)(c) and (e) in revised form if they have been revised to conform with the audited financial statements. SOR/2005-48, s. 3; SOR/2007-26, s. 1; SOR/2009-12, s. 2; SOR/2010-4, s. 3; SOR/2015-75, ss. 7, 26(F); SOR/2018-8, s. 2 SOR/2024-45, s. 1
Canada Deposit Insurance Corporation Differential Premiums By-law — 16
16 (1) Notwithstanding section 15 and subject to section 18, a member institution that has been formed by an amalgamation involving one or more member institutions that occurred after April 30 of the year preceding the filing year and on or before April 30 of the filing year and that does not have a fiscal year ending in the year preceding the filing year shall submit to the Corporation not later than April 30 of the filing year a list of its subsidiaries that are member institutions and (a) for each amalgamating member institution that has a fiscal year ending in the year preceding the filing year, the documents referred to in subsection 15(1) other than the list referred to in paragraph 15(1)(b); and (b) for each amalgamating member institution that does not have a fiscal year ending in the year preceding the filing year (i) its audited financial statements prepared as of the day preceding the date of amalgamation, and (ii) the Reporting Form and the returns referred to in paragraph 15(1)(c) and the documents referred to in paragraph 15(1)(e), which returns and documents must consist of information that is based on and consistent with the audited financial statements referred to in subparagraph (i), and must be based on consolidated financial information as of the day preceding the date of amalgamation. (2) If an amalgamating member institution referred to in subsection (1) has not issued audited financial statements by April 30 of the filing year, the amalgamated member institution shall submit to the Corporation for that amalgamating member institution (a) within the time required by subsection (1), the Reporting Form and the returns and documents required to be submitted by that subsection, which returns and documents must consist of information that is based on that institution’s unaudited financial statements; and (b) not later than July first of the filing year, that institution’s audited financial statements and (i) provide the Corporation with a declaration that the audited financial statements confirm the information that was previously provided and that no modifications are required to be made to the Reporting Form or to the returns and documents referred to in paragraphs 15(1)(c) and (e) as previously submitted, or (ii) submit a revised Reporting Form and the returns and documents referred to in paragraphs 15(1)(c) and (e) in revised form if they have been revised to conform with the audited financial statements. SOR/2015-75, ss. 8, 26(F)
Canada Deposit Insurance Corporation Differential Premiums By-law — 17
17 Section 15 does not apply to a member institution (a) that is a member institution classified in accordance with subsection 7(1) or (2.1); (b) that is a subsidiary of another member institution, unless it is a subsidiary described in paragraphs 10(a) and (b) and a total score is assigned to that other member institution in accordance with section 10; or (c) to which a total score is assigned in accordance with section 10. SOR/2005-48, s. 4; SOR/2010-4, s. 4; SOR/2010-307, s. 6; SOR/2015-75, s. 9
Canada Deposit Insurance Corporation Differential Premiums By-law — 18
18 Section 16 does not apply to a member institution that (a) is a member institution classified in accordance with subsection 7(1) or (2.1); or (b) is a subsidiary of another member institution. SOR/2005-48, s. 5; SOR/2010-4, s. 5
Canada Deposit Insurance Corporation Differential Premiums By-law — 20
20 (1) The Corporation shall review the Reporting Form and other documents submitted by a member institution under section 15 or 16, and shall, where the Reporting Form and other documents have not been completed in accordance with this By-law, make whatever adjustments are necessary. (2) If the Corporation makes an adjustment to the Reporting Form under subsection (1), it shall use the adjusted Reporting Form for the purpose of assigning scores under sections 21 to 27. SOR/2020-21, s. 2
Canada Deposit Insurance Corporation Differential Premiums By-law — 21
21 The Corporation shall assign to each member institution (a) if it is not a Category III SMSB, the sum of the scores set out in columns 2 and 4 of Part 1 of Schedule 3 that correspond, respectively, to the descriptions set out in columns 1 and 3 of that Part that apply to the results obtained for that institution in respect of elements 1.1 to 1.5 of item 1 of the Reporting Form; and (b) if it is a Category III SMSB, the sum of the scores set out in column 4 of Part 1 of Schedule 3 that correspond to the descriptions set out in column 3 of that Part that apply to the results obtained for that institution in respect of elements 1.3 to 1.5 of item 1 of the Reporting Form. SOR/2015-75, s. 10 SOR/2020-21, s. 3 SOR/2025-117, s. 8
Canada Deposit Insurance Corporation Differential Premiums By-law — 22
22 (1) The Corporation shall compare the result obtained for a member institution in respect of the factor in item 2 of the Reporting Form with the range of results set out for that factor in column 2 of item 4 of Part 2 of Schedule 3 and shall assign to the institution the score set out in column 3 of that item that corresponds to that institution’s result. (2) Subsection (1) does not apply in respect of a member institution that is a Category III SMSB. SOR/2025-117, s. 9
Canada Deposit Insurance Corporation Differential Premiums By-law — 23
23 (1) Subject to section 27, the Corporation shall compare the results obtained for a member institution in respect of each of the factors in items 3 and 4 of the Reporting Form with the range of results set out for those factors in items 5 and 6, respectively, in column 2 of Part 2 of Schedule 3 and shall assign to the institution the scores set out in column 3 of each of those items that correspond to that institution’s results, respectively. (2) For the purpose of subsection (1), if an amalgamated member institution formed by an amalgamation involving only one member institution has been operating as a member institution for less than three fiscal years consisting of at least 12 months each, the scores assigned to the amalgamated member institution shall be based on the results obtained for the institution using the financial information (a) of the amalgamated member institution for the fiscal years during which it has been operating as a member institution; and (b) of the amalgamating member institution for the other applicable fiscal years. SOR/2005-48, s. 6(E)
Canada Deposit Insurance Corporation Differential Premiums By-law — 24
24 The Corporation shall compare the results obtained for a member institution in respect of each of the factors in items 5 and 6 of the Reporting Form with the range of results set out for those factors in column 2 of items 7 and 8, respectively, of Part 2 of Schedule 3 and shall assign to the institution the scores set out in column 3 of each of those items that correspond to that institution’s results, respectively. SOR/2005-48, s. 7
Canada Deposit Insurance Corporation Differential Premiums By-law — 24.1
24.1 (1) Subject to section 27, the Corporation shall compare the result obtained for a member institution in respect of the factor in item 7 of the Reporting Form with the range of results set out for that factor in column 2 of item 9 of Part 2 of Schedule 3 and shall assign to the institution the score set out in column 3 of that item that corresponds to that institution’s result. (2) For the purpose of subsection (1), if an amalgamated member institution formed by an amalgamation involving only one member institution has been operating as a member institution for less than four fiscal years consisting of at least 12 months each, the score assigned to the amalgamated member institution shall be based on the result obtained for the institution using the financial information (a) of the amalgamated member institution for the fiscal years during which it has been operating as a member institution; and (b) of the amalgamating member institution for the other applicable fiscal years. SOR/2005-48, s. 7
Canada Deposit Insurance Corporation Differential Premiums By-law — 25
25 The Corporation shall assign the score for the factor in item 8 of the Reporting Form to a member institution that is not a domestic systemically important bank as follows: (a) if the result of the threshold formula in item 8 of the Reporting Form is less than 10 per cent, the score to be assigned is 5; and (b) if the result of the threshold formula in item 8 of the Reporting Form is equal to or greater than 10 per cent, the score to be assigned is the lowest of the scores set out for a type of mortgage loan in column “E” of an item of Table 8 to item 8 of the Reporting Form. SOR/2015-75, s. 11
Canada Deposit Insurance Corporation Differential Premiums By-law — 25.1
25.1 The Corporation shall assign the score for the factor in item 8-1 of the Reporting Form to a member institution that is a domestic systemically important bank as follows: (a) if the result of the threshold formula in element 8-1.1 of the Reporting Form is equal to or less than 100 per cent, the score to be assigned is 5; and (b) if the result of the threshold formula in element 8-1.1 of the Reporting Form is greater than 100 per cent, the score to be assigned is (i) 3, if the result of the formula in element 8-1.2 is less than 50 per cent; and (ii) 0, if the result of the formula in element 8-1.2 is equal to or greater than 50 per cent. SOR/2015-75, s. 12; SOR/2016-11, s. 1
Canada Deposit Insurance Corporation Differential Premiums By-law — 26
26 The Corporation shall assign the score to a member institution for the factor in item 9 of the Reporting Form as follows: (a) if the result of the threshold formula in item 8 of the Reporting Form is greater than 90 per cent, the score to be assigned is 5; and (b) if the result of the threshold formula in item 8 of the Reporting Form is equal to or less than 90%, the Corporation shall compare the results obtained for the member institution in respect of that factor with the range of results set out for that factor in column 2 of item 12 of Part 2 of Schedule 3 and shall assign to the institution the score set out in column 3 of that item that corresponds to that institution’s results, respectively. SOR/2018-8, s. 3
Canada Deposit Insurance Corporation Differential Premiums By-law — 27
27 (1) If a member institution has been operating as a member institution for less than five fiscal years consisting of at least 12 months each, the combined score in respect of the factors in items 3, 4 and 7 of the Reporting Form shall be determined in accordance with the formula (A ÷ 45) × 15 where A is the sum of the scores assigned to the member institution under sections 21, 22, 24, 25 and 26. (2) If an amalgamated member institution formed by an amalgamation involving two or more member institutions has been operating as a member institution for less than three fiscal years consisting of a least 12 months each, the combined score in respect of the factors in items 3, 4 and 7 of the Reporting Form shall be determined in accordance with subsection (1). (3) If a member institution has been operating as a member institution for five fiscal years consisting of at least 12 months each, the score in respect of the factors in item 7 of the Reporting Form shall be determined in accordance with the formula (A ÷ 55) × 5 where A is the sum of the scores assigned to the member institution under sections 21, 22, 23, 24, 25 and 26. (4) If an amalgamated member institution formed by an amalgamation involving two or more member institutions has been operating as a member institution for three fiscal years consisting of at least 12 months each, the score in respect of the factors in item 7 of the Reporting form shall be determined in accordance with subsection (3). SOR/2002-126, s. 8; SOR/2005-48, s. 8
Canada Deposit Insurance Corporation Differential Premiums By-law — 28
28 (1) For the purposes of this section, examiner’s rating in respect of a member institution means the rating on a scale of one to five that is assigned to the institution by the examiner in the course of carrying out the examiner’s duties. (2) Subject to subsection (3), the Corporation shall assign to each member institution the score set out in column 2 of an item of Schedule 4 that corresponds to the examiner’s rating for the institution set out in column 1 of that item, which rating is the most recent of the following ratings that is available to the Corporation, namely, (a) the examiner’s rating as of April 30 of the filing year; (b) the most recent examiner’s rating assigned to the institution during the period beginning on May 1 of the year preceding the filing year and ending on April 29 of the filing year; and (c) the examiner’s rating used for the evaluation of the member institution for the preceding premium year. (3) If none of the examiner’s ratings referred to in subsection (2) are available to the Corporation for the member institution, the score to be assigned for the purposes of that subsection shall be the result determined in accordance with the formula (A ÷ 60) × 35 where A is the sum of the scores assigned to the member institution under sections 21 to 27. SOR/2004-57, s. 1; SOR/2006-47, s. 4; SOR/2007-26, s. 2(E) SOR/2020-21, s. 4
Canada Deposit Insurance Corporation Differential Premiums By-law — 30
30 (1) In this section, supervisory authority means an examiner, a regulator, any foreign authority that monitors the activities of financial institutions and a securities commission, a stock exchange or any other similar authority. (2) The Corporation shall, based on information about the safety, soundness, financial condition and viability of each member institution, including such information that is produced by supervisory authorities, rating agencies, industry analysts or other experts, that has come to the attention of the Corporation, including information about the affiliates of the member institution, assign to the institution a score of (a) 5 if, as of April 30 of the filing year, no information has come to its attention about circumstances that represent a threat to or compromise the safety, soundness, financial condition or viability of the institution; (b) 3 if, as of April 30 of the filing year, information has come to its attention about circumstances that represent a threat to the safety, soundness, financial condition or viability of the institution; and (c) 0 if, as of April 30 of the filing year, information has come to its attention about circumstances that compromise the safety, soundness, financial condition or viability of the institution.
Canada Deposit Insurance Corporation Differential Premiums By-law — 31
31 This By-law comes into force on March 31, 1999.
Canada Deposit Insurance Corporation Differential Premiums By-law — (1)
(1) The following definitions apply in this Schedule: Guidelines means (a) in the case of a bank or a federal credit union, the Guidelines for Banks ; and (b) in the case of any other member institution, the Guidelines for Trust and Loan Companies . ( Lignes directrices ) regulated deposit-taking institution means an entity that is supervised or regulated by a Canadian or foreign financial services or banking regulator and is authorized to accept deposits from the public. ( institution de dépôt réglementée )
Canada Deposit Insurance Corporation Differential Premiums By-law — (a)
Guidelines means (a) in the case of a bank or a federal credit union, the Guidelines for Banks ; and (b) in the case of any other member institution, the Guidelines for Trust and Loan Companies . ( Lignes directrices )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
regulated deposit-taking institution means an entity that is supervised or regulated by a Canadian or foreign financial services or banking regulator and is authorized to accept deposits from the public. ( institution de dépôt réglementée )
Canada Deposit Insurance Corporation Differential Premiums By-law — (2)
(2) For the purposes of item 7 of the Reporting Form, the value of assets acquired by a member institution, as a result of a merger or an acquisition described in that item, is the value of the assets on the date of their acquisition as reported in the consolidated financial statements of the member institution.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
A member institution that is a Category III SMSB is not required to complete elements 1.1 and 1.2.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Refer to the Leverage Requirements Return (LRR) and Basel III Capital Adequacy Reporting – Credit, Market and Operational Risk (BCAR) form, Reporting Manual, completed in accordance with that Manual as of the end of the fiscal year ending in the year preceding the filing year.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Indicate the leverage ratio (%) as set out in Section 1 – Leverage Ratio Calculation of the LRR.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Indicate the authorized leverage ratio (%) as set out in Section 1 – Leverage Ratio Calculation of the LRR.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Indicate the Tier 1 capital ratio (%) as set out in Schedule 10.010 – Ratio Calculations of the BCAR form.
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Indicate the minimum Tier 1 capital ratio as set by the regulator for the member institution in accordance with the Capital Adequacy Requirements guideline of the Guidelines, but if a different minimum Tier 1 capital ratio has been set by the regulator by written notice sent to the member institution, indicate that ratio instead.