Material Banking Group Percentage Regulations

Contents

Her Excellency the Governor General in Council, on the rec…
Prescribed Percentage
- 1 Prescribed percentage
- 2 Prescribed percentage
Repeal
- 3
Coming into Force
- 4 Registration

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978 of the Bank Act, hereby makes the annexed Material Banking Group Percentage Regulations.^note^note

Prescribed Percentage

1Prescribed percentage#

For the purposes of subsection 508(2) of the Bank Act, the percentage is 35%.

2Prescribed percentage#

For the purposes of subsection 508(3) of the Bank Act, the percentage is 50%.

Repeal

3 #

[Repeal]

Coming into Force

4Registration#

These Regulations come into force on the day on which they are registered.

Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.