Specialized Financing (Banks) Regulations

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Act

  Loi

  Act means the Bank Act. (Loi)

  book value

  valeur comptable

  book value, in respect of the shares and ownership interests held by an entity, means the book value reported on the entity’s balance sheet on an unconsolidated basis. (valeur comptable)

  specialized financing entity of the bank

  entité de la banque s’occupant de financement spécial

  specialized financing entity of the bank means a specialized financing entity that is controlled by the bank or in which the bank holds a substantial investment. (entité de la banque s’occupant de financement spécial)

  subsidiary

  filiale

  subsidiary, in respect of a bank, does not include a subsidiary that is a specialized financing entity of the bank. (filiale)

• Definition of specialized financing entity

  (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 464(1) of the Act, specialized financing entity means an entity that acquires or holds shares of, or ownership interests in, entities that a bank may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 466(4) of the Act.