AI-assisted research summary: This regulation lists which entities count as members of certain banks’, insurance companies’, and trust and loan companies’ groups for specified statutory purposes, and it starts on registration.
Entity Member of Group Regulations Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 978a of the Bank Actb, 1021c of the Insurance Companies Actd and 531e of the Trust and Loan Companies Actf, hereby makes the annexed Entity Member of Group Regulations. S.C. 2001, c. 9, s. 183 S.C. 1991, c. 46 S.C. 2001, c. 9, s. 465 S.C. 1991, c. 47 S.C. 2001, c. 9, s. 569 S.C. 1991, c. 45 Entity 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 central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank; a subsidiary of a central referred to in paragraph (a); and an entity in which a central referred to in paragraph (a) has a substantial investment. Entity 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 central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the bank holding company; Entity 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 central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the company; Entity 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 central for which an order has been made under subsection 473(1) of the Cooperative Credit Associations Act that controls the insurance holding company; Entity 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: Coming into force (Entrée en vigueur) These Regulations come into force on the day on which they are registered.