Material Banking Group Percentage Regulations (SOR/2008-163)
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Regulations are current to 2024-11-26
Material Banking Group Percentage Regulations
SOR/2008-163
Registration 2008-05-15
Material Banking Group Percentage Regulations
P.C. 2008-943 2008-05-15
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 978Footnote a of the Bank ActFootnote b, hereby makes the annexed Material Banking Group Percentage Regulations.
Return to footnote aS.C. 2005, c. 54, s. 135
Return to footnote bS.C. 1991, c. 46
Prescribed Percentage
Marginal note:Prescribed percentage
1 For the purposes of subsection 508(2) of the Bank Act, the percentage is 35%.
Marginal note:Prescribed percentage
2 For the purposes of subsection 508(3) of the Bank Act, the percentage is 50%.
Repeal
3 [Repeal]
Coming into Force
Marginal note:Registration
4 These Regulations come into force on the day on which they are registered.
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