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Shared Premises Regulations (Banks) (SOR/2002-339)

Regulations are current to 2023-03-20 and last amended on 2008-03-06. Previous Versions

Shared Premises Regulations (Banks)

SOR/2002-339

BANK ACT

Registration 2002-09-24

Shared Premises Regulations (Banks)

P.C. 2002-1563 2002-09-24

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraph 413.3(4)(a)Footnote a of the Bank ActFootnote b, hereby makes the annexed Shared Premises Regulations (Banks).

Definition of member institution

  •  (1) In this section, member institution has the same meaning as in section 2 of the Canada Deposit Insurance Corporation Act.

  • Marginal note:Shared premises

    (2) A bank to which paragraph 413(1)(b) or (c) of the Bank Act applies may carry on business in Canada on premises that are shared with those of a member institution that is affiliated with the bank if, on those premises, whenever a request is made in person to open a deposit account with the bank, the bank opens the account at a work space that is separate and distinct from every work space at which the member institution carries on business.

  • SOR/2008-63, s. 1

Coming into Force

Marginal note:Coming into force

 These Regulations come into force on the day on which they are registered.

 
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