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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978 of the Bank Act, 1021 of the Insurance Companies Act and 531 of the Trust and Loan Companies Act, hereby makes the annexed Entity Member of Group Regulations.notenotenotenotenotenote
Entity Member of a Bank’s Group
1Entity member of bank’s group (Entité membre du groupe d’une banque)#
For the purpose of paragraph 464(2)(d) of the Bank Act, the following entities are members of a bank’s group:
(a)a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank;
(b)a subsidiary of a central referred to in paragraph (a); and
(c)an entity in which a central referred to in paragraph (a) has a substantial investment.
Entity Member of a Bank Holding Company’s Group
2Entity member of bank holding company’s group (Entité membre du groupe d’une société de portefeuille bancaire)#
For the purpose of paragraph 925(2)(d) of the Bank Act, the following entities are members of a bank holding company’s group:
(a)a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank holding company;
(b)a subsidiary of a central referred to in paragraph (a); and
(c)an entity in which a central referred to in paragraph (a) has a substantial investment.
Entity Member of Insurance Company’s Group
3Entity member of insurance company’s group (Entité membre du groupe d’une société d’assurances)#
For the purpose of paragraph 490(2)(d) of the Insurance Companies Act, the following entities are members of a company’s group:
(a)a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b)a subsidiary of a central referred to in paragraph (a); and
(c)an entity in which a central referred to in paragraph (a) has a substantial investment.
Entity Member of Insurance Holding Company’s Group
4Entity member of insurance holding company’s group (Entité membre du groupe d’une société de portefeuille d’assurances)#
For the purpose of paragraph 966(2)(d) of the Insurance Companies Act, the following entities are members of an insurance holding company’s group:
(a)a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the insurance holding company;
(b)a subsidiary of a central referred to in paragraph (a); and
(c)an entity in which a central referred to in paragraph (a) has a substantial investment.
Entity Member of Trust and Loan Company’s Group
5Entity member of trust and loan company’s group (Entité membre du groupe d’une société de fidicie et de prêt)#
For the purpose of paragraph 449(2)(d) of the Trust and Loan Companies Act, the following entities are members of a company’s group:
(a)a central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company;
(b)a subsidiary of a central referred to in paragraph (a); and
(c)an entity in which a central referred to in paragraph (a) has a substantial investment.
Coming into Force
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.