Exemption from Restrictions on Investments (Banks, Bank Holding Companies and Foreign Banks) Regulations

Marginal note:Prescribed circumstances — foreign banks and entities associated with foreign banks

2 For the purpose of subparagraph 522.08(2)(d)(ii) of the Bank Act, subsection 522.22(1) of the Act does not apply in determining whether a foreign bank or an entity associated with a foreign bank would be permitted to acquire or hold control of, or a substantial investment in, a Canadian entity under section 522.07 or 522.08, paragraph 522.1(a), (c) or (d) or Division 8 of Part XII of the Act.