Privileges and Immunities of the Asian Infrastructure Investment Bank Order (SOR/2018-35)

Full Document:

Regulations are current to 2024-04-01

Privileges and Immunities of the Asian Infrastructure Investment Bank Order

SOR/2018-35

Registration 2018-03-07

Privileges and Immunities of the Asian Infrastructure Investment Bank Order

P.C. 2018-197 2018-03-06

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 4 of the Asian Infrastructure Investment Bank Agreement ActFootnote ^a, makes the annexed Privileges and Immunities of the Asian Infrastructure Investment Bank Order.

Marginal note:Chapter IX of the Agreement

1 The following privileges and immunities, as set out in Chapter IX of the Agreement, are granted to the Bank:

(a) the full juridical personality and full legal capacity, as set out in Article 45 of the Agreement;
(b) the immunity from every form of legal process, as set out in Article 46 of the Agreement;
(c) the immunity of its property and assets and the inviolability of its archives and documents, as set out in Article 47 of the Agreement;
(d) the freedom from restrictions, regulations, controls and moratoria of all property and assets to the extent set out in Article 48 of the Agreement;
(e) the same treatment accorded to its official communications as is accorded to the official communications of any other member, as set out in Article 49 of the Agreement;
(f) the immunities and privileges of its officers and employees, as set out in Article 50 of the Agreement; and
(g) the exemption from taxation, as set out in Article 51 of the Agreement.

Marginal note:Registration

2 This Order comes into force on the day on which it is registered.