Assessment of Financial Institutions Regulations, 2001 (SOR/2001-177)

Regulations are current to 2013-04-29 and last amended on 2013-01-01. Previous Versions

NOTICE OF ASSESSMENT

9. The Superintendent shall send to each financial institution a notice in writing of the assessment against it.

TRANSITIONAL

  • 10. (1) In respect of the fiscal year beginning on April 1, 2001 and ending on March 31, 2002, the rate of 25 per cent referred to in paragraph 2(e) shall be reduced to 12.5 per cent.

  • (2) In respect of the period beginning on June 1, 2001 and ending on March 31, 2002,

    • (a) the amount of $3,000 referred to in paragraph 8(1)(a) shall be reduced to $1,500;

    • (b) the amount of $5,000 referred to in paragraph 8(1)(b) shall be reduced to $2,500;

    • (c) the rate of 10 per cent referred to in paragraphs 8(1)(a) and (2)(a) shall be reduced to 5 per cent; and

    • (d) the rate of 15 per cent referred to in paragraphs 8(1)(b) and (2)(b) shall be reduced to 7.5 per cent.

REPEAL

11. [Repeal]

COMING INTO FORCE

12. These Regulations come into force on June 1, 2001.