543 (1) Subject to sections 540, 546 and 549, an authorized foreign bank may, in Canada,
(a) act as agent for any person in respect of the provision of any service that is provided by a financial institution, an entity in which a bank is permitted to acquire a substantial investment under section 468 or a Canadian entity acquired or held under section 522.08 and may enter into an arrangement with any person in respect of the provision of that service; or
(b) refer any person to that financial institution or body corporate.
(2) The Governor in Council may make regulations respecting the disclosure of
(a) the name of the principal for whom an authorized foreign bank is acting as agent pursuant to subsection (1); and
(b) whether any commission is being earned by an authorized foreign bank when acting as agent pursuant to subsection (1).
- 1991, c. 46, s. 543
- 1996, c. 6, s. 17
- 1999, c. 28, s. 35
- 2001, c. 9, s. 142
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