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Bank Act (S.C. 1991, c. 46)

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Act current to 2024-02-06 and last amended on 2024-01-01. Previous Versions

RELATED PROVISIONS

  • — 2007, c. 6, s. 75(3)

    • Transitional
      • 75 (3) Orders made under paragraph 528(1)(a) of the Act, as that paragraph read immediately before the coming into force of this section, that are in force immediately before that coming into force are deemed to be orders made under subsection 528(1.1) of the Act.

  • — 2015, c. 36, s. 240

    • Retroactivity — section 608 of Bank Act

      240 Section 608 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.

  • — 2015, c. 36, s. 241

    • Retroactivity — section 638 of Bank Act

      241 Section 638 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.

  • — 2015, c. 36, s. 242

    • Retroactivity — section 956.1 of Bank Act

      242 Section 956.1 of the Bank Act applies to information referred to in that section that has been used or in relation to which oral testimony has been given or a document has been produced, before the day on which this Division comes into force, in any civil proceedings in respect of which a final decision has not been made before that day.

  • — 2015, c. 36, s. 247

    • Regulations apply — section 608 of Bank Act

      247 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 607 of that Act apply for the purposes of section 608 of that Act until regulations made under that paragraph for the purposes of that section 608 are in force.

  • — 2015, c. 36, s. 248

    • Regulations apply — section 638 of Bank Act

      248 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 637 of that Act apply for the purposes of section 638 of that Act until regulations made under that paragraph for the purposes of that section 638 are in force.

  • — 2015, c. 36, s. 249

    • Regulations apply — section 956.1 of Bank Act

      249 The regulations made under paragraph 978(1)(a) of the Bank Act that prescribe supervisory information for the purposes of section 956 of that Act apply for the purposes of section 956.1 of that Act until regulations made under that paragraph for the purposes of that section 956.1 are in force.

  • — 2018, c. 27, s. 335

    • Body corporate deemed to be approved

      335 A body corporate that has been approved under section 455.01 of the Bank Act, as it read immediately before the day on which section 329 comes into force, is deemed to have been approved under section 627.48 of that Act as enacted by that section 329.

  • — 2023, c. 26, s. 139

    • Definitions
      • 139 (1) The following definitions apply in this section.

        former external complaints body

        former external complaints body means an external complaints body as defined in section 2 of the Bank Act as it read before the day on which section 128 of this Act comes into force. (ancien organisme externe de traitement des plaintes)

        new external complaints body

        new external complaints body means the body corporate designated under subsection 627.48(1) of the Bank Act, as amended by section 129 of this Act. (nouvel organisme externe de traitement des plaintes)

      • Revocation of approval

        (2) Any approval given to a former external complaints body under subsection 627.48(1) of the Bank Act, as it read immediately before the day on which section 129 of this Act comes into force, is revoked on the later of the day on which the designation of the new external complaints body takes effect and the day on which the former external complaints body resolves every complaint pending before it.

      • Application before designation

        (3) On the day on which section 129 of this Act comes into force, sections 627.48 and 627.49 of the Bank Act, as they read immediately before that day, continue to apply in respect of former external complaints bodies until the day on which the designation of the new external complaints body takes effect.

      • Application on designation

        (4) On the day on which the designation of the new external complaints body takes effect,

        • (a) unless otherwise specified by the Commissioner, a former external complaints body shall continue the resolution of any complaint pending before it;

        • (b) sections 627.48 and 627.49 of the Bank Act, as they read immediately before the day on which section 129 of this Act comes into force, continue to apply for the purposes of paragraph (a); and

        • (c) the new external complaints body shall resolve all complaints that are not pending before any former external complaints body.


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