Canada Deposit Insurance Corporation Differential Premiums By-law (SOR/2025-165)

Marginal note:Definitions

1 The following definitions apply in this By-law.

Act

Act means the Canada Deposit Insurance Corporation Act. (Loi)

fall return

fall return means a return referred to in paragraph 5(1)(a). (déclaration automnale)

new

new, with respect to a member institution, means that the member institution has been operating as a member institution for less than two full premium years and, if it was formed by an amalgamation, none of its amalgamating institutions were member institutions immediately before the amalgamation. (nouvelle)

spring return

spring return means a return referred to in paragraph 5(1)(b). (déclaration printanière)

stage of intervention

stage of intervention means a stage of intervention that is assigned as a result of an assessment carried out in accordance with the Guide to Intervention for Federally Regulated Deposit-Taking Institutions, published by the Office of the Superintendent of Financial Institutions, as amended from time to time. (stade d’intervention)

subsidiary

subsidiary has the same meaning as in section 2 of the Bank Act. (filiale)

Marginal note:Calculation

• The following provision is not in force.

  2 (1) For the purposes of paragraphs 21(1)(a) and 23(1)(a) of the Act, the annual premium for a member institution is the greater of

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    (a) $5,000, and

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    (b) subject to subsections (2) and (3), the result determined in accordance with the formula

    A × B × (C + D) ÷ 2

    where

    A

    is one third of one per cent, or any smaller proportion of one per cent that is fixed by the Governor in Council under paragraph 21(4)(b) of the Act,

    B

    is an amount equal to the sum of the deposits with the member institution that are referred to in paragraph 21(4)(b) of the Act or, for the purpose of paragraph 23(1)(a) of the Act, the sum of the deposits with the member institution that are referred to in that paragraph,

    C

    is the percentage set out in column 3 of Schedule 1 that corresponds to

    • (i) the premium category set out in column 1 in which the member institution was classified as of January 15 of the calendar year in which the premium year begins, including following the operation of section 11, if applicable,

    • (ii) if the member institution became a member institution during the period beginning on January 16 and ending on April 30 of the calendar year in which the premium year begins, the premium category set out in column 1 in which it is classified as of July 15 of the premium year, or

    • (iii) if the annual premium is being determined for the purpose of paragraph 23(1)(a) of the Act,

      • (A) premium category 2, or

      • (B) premium category 3, in the case of a new member institution that has been assigned a stage of intervention, and

    D

    is the percentage set out in column 3 of Schedule 1 that corresponds to

    • (i) the premium category set out in column 1 in which the member institution is classified as of July 15 of the premium year, or

    • (ii) if the annual premium is being determined for the purpose of paragraph 23(1)(a) of the Act,

      • (A) premium category 2, or

      • (B) premium category 3, in the case of a new member institution that has been assigned a stage of intervention.

• The following provision is not in force.

  Marginal note:Late submission of fall return

  (2) If a member institution’s fall return is submitted after October 31 of the year preceding the premium year but before July 3 of the premium year, C in the formula in paragraph (1)(b) is replaced by the formula

  ((C × E) + (F × G)) ÷ H

  where

  C

  is the percentage referred to in subparagraph (i) of the description of C in paragraph (1)(b);

  E

  is the number of days in the period beginning on the day after the day on which the member institution submits its fall return to the Corporation and ending on October 31 of the premium year;

  F

  is the percentage set out in column 3 of Schedule 1 that corresponds to premium category 5;

  G

  is the number of days in the period beginning on November 1 of the year preceding the premium year and ending on the day on which the member institution submits its fall return to the Corporation; and

  H

  is the number of days in the period beginning on November 1 of the year preceding the premium year and ending on October 31 of the premium year.

• The following provision is not in force.

  Marginal note:Late submission of spring return

  (3) If a member institution’s spring return is submitted after April 30 of the calendar year in which the premium year begins but before July 3 of the premium year, D in the formula in paragraph (1)(b) is replaced by the formula

  ((D × I) + (F × J)) ÷ K

  where

  D

  is the percentage referred to in subparagraph (i) of the description of D in paragraph (1)(b);

  I

  is the number of days in the period beginning on the day after the day on which the member institution submits its spring return to the Corporation and ending on April 30 of the premium year;

  F

  is the percentage set out in column 3 of Schedule 1 that corresponds to premium category 5;

  J

  is the number of days in the period beginning on May 1 of the premium year and ending on the day on which the member institution submits its spring return to the Corporation; and

  K

  is the number of days in the premium year.

• The following provision is not in force.

  Marginal note:Exception — 2026–2027 premium year

  (4) Despite subsection (1), for the purposes of paragraphs 21(1)(a) and 23(1)(a) of the Act, the annual premium for a member institution for the premium year that begins on May 1, 2026 is the greater of

  • The following provision is not in force.

    (a) $5,000, and

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    (b) the result determined in accordance with the formula

    A × B × D

    where

    A

    is the percentage referred to in the description of A in paragraph (1)(b),

    B

    is the amount referred to in the description of B in paragraph (1)(b), and

    D

    is the percentage referred to in the description of D in paragraph (1)(b) or, if the member institution’s spring return is submitted after April 30 of the calendar year in which the premium year begins but before July 3 of the premium year, the result of the formula in subsection (3).

Marginal note:Corporation’s obligation

• The following provision is not in force.

  3 (1) The Corporation must, not later than January 15 and July 15 of each year, notify every member institution of the premium category in which the member institution is, as of those dates, to be classified in accordance with subsections (2) to (8).

• The following provision is not in force.

  Marginal note:Determination

  (2) Subject to subsections (3) to (8), the premium category in which a member institution is to be classified as of January 15 or July 15 is the category set out in column 1 of Schedule 1 that corresponds to the member institution’s total score set out in column 2, as determined under section 4 for the purpose of its classification as of that date.

• The following provision is not in force.

  Marginal note:Exception — new member institution

  (3) A new member institution must be classified in premium category 2 unless it

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    (a) has been assigned a stage of intervention;

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    (b) is a bridge institution;

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    (c) is a subsidiary of another member institution; or

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    (d) has a subsidiary that is a member institution that is not new.

• The following provision is not in force.

  Marginal note:Exception — stage of intervention

  (4) A new member institution that has been assigned a stage of intervention must, unless it is also a member institution referred to in paragraph (3)(c) or (d), be classified in premium category 3.

• The following provision is not in force.

  Marginal note:Exception — bridge institution

  (5) A member institution that is a bridge institution must be classified in premium category 1.

• The following provision is not in force.

  Marginal note:Exception — subsidiary of member institution

  (6) A member institution that is a subsidiary of another member institution must be classified in the same premium category in which the member institution of which it is a subsidiary is classified, unless that member institution is new and the subsidiary member institution is not new.

• The following provision is not in force.

  Marginal note:Exception — amalgamation of new member institutions

  (7) A member institution that was formed by an amalgamation must, if all of its amalgamating member institutions would be new if they were still operating, be classified in

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    (a) premium category 2; or

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    (b) premium category 3, if the amalgamated member institution has been assigned a stage of intervention.

• The following provision is not in force.

  Marginal note:Exception — return not submitted

  (8) A member institution must be classified in premium category 5 if

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    (a) in the case of a January 15 classification, the member institution has not submitted before that date any fall return that it was required to submit in the previous calendar year; or

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    (b) in the case of a July 15 classification, the member institution has not submitted before July 3 any spring return that it was required to submit in that calendar year.

Marginal note:Calculation

• The following provision is not in force.

  4 (1) A member institution’s total score is equal to the sum of

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    (a) for the purpose of its classification as of January 15 of a calendar year,

    • (i) its fall quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (3), and

    • (ii) its fall qualitative score for the premium year that begins in that calendar year, as determined under section 10; or

  • The following provision is not in force.

    (b) for the purpose of its classification as of July 15 of a calendar year,

    • (i) its spring quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (4), and

    • (ii) its spring qualitative score for the premium year that begins in that calendar year, as determined under section 10.

• The following provision is not in force.

  Marginal note:Exception — parent of not new subsidiary

  (2) Despite subsection (1), the total score for a member institution that started operating as a member institution during the premium year that ends in the calendar year in which the classification occurs, that was not formed by an amalgamation involving a member institution and that has at least one subsidiary that is a member institution that meets the following requirements is equal to the highest total score of any such subsidiary:

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    (a) the subsidiary is not new;

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    (b) the subsidiary was not, on the day before the day on which the member institution started to operate as a member institution, a subsidiary of another member institution; and

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    (c) the subsidiary is not, on the day on which the classification occurs, a subsidiary of another member institution.

Marginal note:Submission of documents

• The following provision is not in force.

  5 (1) Every member institution must submit to the Corporation

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    (a) not later than October 31 of each year, a return in the form required by the Corporation under subsection 22(1) of the Act, completed using data as of the end of the second quarter of the current financial year of the member institution and in accordance with the instructions that are, as of the day on which the return is submitted, set out in the Differential Premiums Manual, published by the Corporation and made available on its website;

  • The following provision is not in force.

    (b) not later than April 30 of each year, a return in the form required by the Corporation under subsection 22(1) of the Act, completed using data as of the end of the most recent financial year of the member institution that ended before that date and in accordance with the instructions that are, as of the day on which the return is submitted, set out in the Differential Premiums Manual, published by the Corporation and made available on its website;

  • The following provision is not in force.

    (c) not later than April 30 of each year, the Basel III Capital Adequacy Reporting – Credit, Market and Operational Risk return, completed as of the end of the second and fourth quarters of the two preceding financial years of the member institution in accordance with the Capital Adequacy Requirements (CAR) – Guideline, issued by the Office of the Superintendent of Financial Institutions, as amended from time to time;

  • The following provision is not in force.

    (d) not later than April 30 of each year, any of the following documents that the member institution was required to submit to the Superintendant, completed as of the end of the second and fourth quarters of the two preceding financial years of the member institution in accordance with the financial reporting instructions published by the Office of the Superintendent of Financial Institutions:

    • (i) the Consolidated Statement of Comprehensive Income, Retained Earnings and AOCI,

    • (ii) the Return of Allowances for Expected Credit Losses,

    • (iii) the Consolidated Monthly Balance Sheet,

    • (iv) Section III of the Mortgage Loans Report,

    • (v) the Non-Mortgage Loans Report (Quarterly),

    • (vi) the Pledging and REPOS Report,

    • (vii) the Deposit Liabilities Classified by Institutional Sector Report,

    • (viii) the Balance Sheet by Booking Location return,

    • (ix) the Net Stable Funding Ratio Reporting return, if the member institution is a domestic systemically important bank,

    • (x) the Liquidity Coverage Ratio (LCR) Reporting return, if the member institution is a domestic systemically important bank,

    • (xi) the Net Cumulative Cash Flow (NCCF) Return,

    • (xii) the Streamlined Net Cumulative Cash Flow (NCCF) Return,

    • (xiii) the Leverage Requirements Return, and

    • (xiv) the Operating Cash Flow Statement return; and

  • The following provision is not in force.

    (e) not later than July 2 of each year, if the member institution becomes aware of an error or omission in its fall return or spring return or makes a change to a document submitted under paragraph (c) or (d),

    • (i) a revised fall return or spring return, or

    • (ii) a declaration identifying the error, omission or change and indicating that no modification to the member institution’s fall return or spring return is required as a result.

• The following provision is not in force.

  Marginal note:Exception

  (2) Subsection (1) does not apply to a member institution to which any of subsections 3(3) to (7) or 4(2) apply.

• The following provision is not in force.

  Marginal note:Financial information

  (3) The information provided by a member institution under subsection (1) must be

  • The following provision is not in force.

    (a) consistent with audited financial statements prepared as of the end of the applicable financial year of the member institution; and

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    (b) based on consolidated financial information.

• The following provision is not in force.

  Marginal note:Adjustments

  (4) The Corporation may make any necessary adjustments to a fall return, spring return or any other document submitted under this section if it has not been completed as required under this section.

Marginal note:Assignment of scores

6 The Corporation must assign to a member institution that submits a fall return before January 15 of the calendar year after the calendar year in which it is due or a spring return before July 3 of the calendar in which it is due, for each factor set out in column 1 of Schedule 2, the score set out in column 3 that corresponds to the description set out in column 2 that, on the basis of the following information, applies to the member institution:

• The following provision is not in force.

  (a) in the case of a fall return, the information that is provided in that return or in any revised fall return referred to in subparagraph 5(1)(e)(i) that it submits before January 15 of the calendar year after the calendar year in which the fall return is due; and

• The following provision is not in force.

  (b) in the case of a spring return, the information that is provided in that return or in any revised spring return referred to in subparagraph 5(1)(e)(i).

Marginal note:Quantitative score

• The following provision is not in force.

  7 (1) A member institution’s fall quantitative score for a premium year is, subject to subsections (2) and (3), equal to the sum of the scores assigned to the member institution under paragraph 6(a) on the basis of the fall return that is due in the previous premium year or, if applicable, the revised fall return. Its spring quantitative score for a premium year is, subject to subsections (2) and (4), equal to the sum of the scores assigned to it under paragraph 6(b) on the basis of the spring return that is due in the previous premium year or, if applicable, the revised spring return.

• The following provision is not in force.

  Marginal note:Exceptions

  (2) A member institution’s fall or spring quantitative score is equal to the corresponding sum referred to in subsection (1) multiplied by

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    (a) one and one fifth, if the member institution has operated as a member institution for less than five full financial years as of the day on which the return on which the score is based is due;

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    (b) one and one fifth, if the member institution was formed by an amalgamation involving two or more member institutions and has operated as a member institution for less than three full financial years as of the day on which the return on which the score is based is due;

  • The following provision is not in force.

    (c) one and one eleventh, if the member institution has been operating as a member institution for at least five but less than six full financial years as of the day on which the return on which the score is based is due; or

  • The following provision is not in force.

    (d) one and one eleventh, if the member institution was formed by an amalgamation involving two or more member institutions and has been operating as a member institution for at least three but less than four full financial years as of the day on which the return on which the score is based is due.

• The following provision is not in force.

  Marginal note:Recently amalgamated institution — fall score

  (3) The fall quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest fall quantitative score of any of its amalgamating institutions that are member institutions if

  • The following provision is not in force.

    (a) the amalgamated institution has a financial year that ends on October 31; or

  • The following provision is not in force.

    (b) the amalgamated institution has a financial year that ends on December 31 and the amalgamation occurred after June 30 of the previous premium year.

• The following provision is not in force.

  Marginal note:Recently amalgamated institution — spring score

  (4) The spring quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest spring quantitative score of any of its amalgamating institutions that are member institutions if the amalgamation occurred

  • The following provision is not in force.

    (a) after October 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on October 31; or

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    (b) after December 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on December 31.

Marginal note:Definition of examiner’s rating

• The following provision is not in force.

  8 (1) In this section, examiner’s rating means the rating on a scale of one to eight that is assigned to a member institution by one of the following in the course of carrying out their duties:

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    (a) in the case of a federal member institution, the Superintendent; and

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    (b) in the case of a provincial member institution

    • (i) the Corporation or a person designated under paragraph 28(a) of the Act, or

    • (ii) the government of a province, or an agent of the government of a province, with which the Corporation has entered into an agreement under section 38 of the Act.

• The following provision is not in force.

  Marginal note:Assignment of score — January 15

  (2) On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7(1) or (2) for the premium year that begins in that calendar year — assign

  • The following provision is not in force.

    (a) the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on November 1 of the previous calendar year:

    • (i) the most recent examiner’s rating assigned to the member institution during the period beginning on May 1 and ending on October 31 of the previous calendar year, and

    • (ii) the examiner’s rating that was used for the purpose of assigning a score under subsection (3) to the member institution on July 15 of the previous calendar year; or

  • The following provision is not in force.

    (b) if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on November 1 of the previous calendar year, a score equal to five twelfths of the member institution’s fall quantitative score.

• The following provision is not in force.

  Marginal note:Exception — amalgamated institution

  (3) On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7(3) for the premium year that begins in that calendar year — assign a score equal to the score assigned under subsection (2) to the amalgamating member institution whose fall quantitative score was used under subsection 7(3) to determine the member institution’s fall quantitative score for that premium year.

• The following provision is not in force.

  Marginal note:Assignment of score — July 15

  (4) On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7(1) or (2) for that premium year — assign

  • The following provision is not in force.

    (a) the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on May 1 of that premium year:

    • (i) the most recent examiner’s rating that was assigned to the member institution in the previous premium year, and

    • (ii) the examiner’s rating that was used for the purpose of assigning a score to the member institution in the previous premium year under this subsection or subsection 28(2) of the Canada Deposit Insurance Corporation Differential Premiums By-law, as it read immediately before the day on which this By-law came into force; or

  • The following provision is not in force.

    (b) if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on May 1 of that premium year, a score equal to five twelfths of the member institution’s spring quantitative score.

• The following provision is not in force.

  Marginal note:Exception — amalgamated institution

  (5) On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7(4) for that premium year — assign a score equal to the score assigned under subsection (4) to the amalgamating member institution whose spring quantitative score was used under subsection 7(4) to determine the member institution’s spring quantitative score for that premium year.

Marginal note:Definitions

• The following provision is not in force.

  9 (1) The following definitions apply in this section.

  materially non-compliant

  materially non-compliant has the meaning assigned by paragraph 11(4)(c) of the Canada Deposit Insurance Corporation Resolution Planning By-law. (sensiblement non conforme)

  partially non-compliant

  partially non-compliant has the meaning assigned by paragraph 11(4)(b) of the Canada Deposit Insurance Corporation Resolution Planning By-law. (partiellement non conforme)

  resolution plan

  resolution plan has the same meaning as in section 1 of the Canada Deposit Insurance Corporation Resolution Planning By-law. (plan de règlement)

• The following provision is not in force.

  Marginal note:Domestic systemically important banks

  (2) The Corporation must, on January 15 of each calendar year on the basis of information available to the Corporation on November 1 of the previous calendar year and on July 15 of each calendar year on the basis of information available to the Corporation on May 1 of that calendar year, assign one of the following scores to each member institution that is a domestic systemically important bank if the member institution has, for the premium year that begins in that calendar year, a fall quantitative score under section 7 in the case of the January 15 assignment or a spring quantitative score under that section in the case of the July 15 assignment:

  • The following provision is not in force.

    (a) 15, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation;

  • The following provision is not in force.

    (b) 8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and

    • (i) its resolution plan is partially non-compliant and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation, or

    • (ii) its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution;

  • The following provision is not in force.

    (c) 5, if

    • (i) the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation, or

    • (ii) the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is partially non-compliant and the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution; or

  • The following provision is not in force.

    (d) 0, if

    • (i) the member institution’s resolution plan is materially non-compliant,

    • (ii) the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and its resolution plan is partially non-compliant, or

    • (iii) the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution.

• The following provision is not in force.

  Marginal note:Other member institutions

  (3) The Corporation must, on January 15 of each calendar year on the basis of information available to the Corporation on November 1 of the previous calendar year and on July 15 of each calendar year on the basis of information available to the Corporation on May 1 of that calendar year, assign one of the following scores to each member institution that is not a domestic systemically important bank if the member institution has, for the premium year that begins in that calendar year, a fall quantitative score under section 7 in the case of the January 15 assignment or a spring quantitative score under that section in the case of the July 15 assignment:

  • The following provision is not in force.

    (a) 15, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation;

  • The following provision is not in force.

    (b) 8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution;

  • The following provision is not in force.

    (c) 5, if the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation; or

  • The following provision is not in force.

    (d) 0, if

    • (i) the member institution is non-compliant with any of sections 2 to 4 the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution, or

    • (ii) the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution.

• The following provision is not in force.

  Marginal note:Deemed compliance

  (4) For the purposes of subsections (2) and (3), a member institution that has been a member institution for 18 months or less on the November 1 or May 1 referred to in those subsections is deemed to be compliant on that date with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law.

Marginal note:Calculation

10 A member institution’s fall qualitative score for a premium year is equal to the sum of the scores assigned to the member institution under subsection 8(2) or (3) and section 9 on January 15 of the calendar year in which that premium year begins. Its spring qualitative score for a premium year is equal to sum of the scores assigned to it under subsection 8(4) or (5) and section 9 on July 15 of that premium year.

Marginal note:Fall return after January 14

11 If a member institution submits a fall return after January 14 but not later than July 2 of the calendar year after the calendar year in which it was due or submits a revised fall return referred to in subparagraph 5(1)(e)(i) during that period

• The following provision is not in force.

  (a) the Corporation must re-assign to the member institution the scores assigned on the basis of the information referred to in paragraph 6(a) and, if applicable, the score referred to in paragraph 8(2)(b) as if the return had been submitted on or before January 14;

• The following provision is not in force.

  (b) the member institution’s fall quantitative and qualitative scores must be redetermined as if the updated scores referred to in paragraph (a) had been assigned on January 15;

• The following provision is not in force.

  (c) the fall quantitative and qualitative scores of any other member institution that were dependent on the member institution’s scores must be redetermined on the basis of the updated scores; and

• The following provision is not in force.

  (d) if any member institution’s total score under paragraph 4(1)(a) or subsection 4(2), when determined using the revised fall quantitative and qualitative scores, corresponds to a different premium category than the one in which it was originally classified as of January 15, that different premium category becomes the one in which the member institution is classified as of that date and the Corporation must notify the member institution of that premium category within 45 days after the day on which the late or revised return is submitted and, in any event, not later than July 15 of that calendar year.

Marginal note:Existing new member institution

12 The references to “premium category 2” in the following provisions are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”:

• The following provision is not in force.

  (a) clause (iii)(A) of the description of C and clause (ii)(A) of the description of D in the formula in paragraph 2(1)(b);

• The following provision is not in force.

  (b) subsection 3(3); and

• The following provision is not in force.

  (c) paragraph 3(7)(a).

Marginal note:Existing new staged member institution

13 The references to “premium category 3” in clause (iii)(B) of the description of C and clause (ii)(B) of the description of D in the formula in paragraph 2(1)(b) are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”.

14 [Amendments]

15 [Amendments]

16 [Amendments]

17 [Amendments]

18 [Amendments]

19 [Amendments]

20 The Canada Deposit Insurance Corporation Differential Premiums By-lawFootnote ³ is repealed.

• Return to footnote ³SOR/99-120