Marginal note:Regulations re customer information
576 The Governor in Council may make regulations
(a) requiring an authorized foreign bank to establish procedures regarding the collection, retention, use and disclosure of information about its customers or any class of its customers;
(b) requiring an authorized foreign bank to establish procedures for dealing with complaints made by a customer about the collection, retention, use or disclosure of information about the customer;
(c) respecting the disclosure by an authorized foreign bank of information relating to the procedures referred to in paragraphs (a) and (b);
(d) requiring an authorized foreign bank to designate officers and employees in Canada of the authorized foreign bank who are responsible for
(i) implementing the procedures referred to in paragraph (b), and
(ii) receiving and dealing with complaints made by a customer of the authorized foreign bank about the collection, retention, use or disclosure of information about the customer;
(e) requiring an authorized foreign bank to report information relating to
(i) complaints made by its customers about the collection, retention, use or disclosure of information, and
(ii) the actions taken by the authorized foreign bank to deal with the complaints; and
(f) defining information, collection and retention for the purposes of paragraphs (a) to (e) and the regulations made under those paragraphs.
- 1991, c. 46, s. 576
- 1999, c. 28, s. 35
- Date modified: