CANADA DEPOSIT INSURANCE CORPORATION ACTCanada Deposit Insurance Corporation Differential Premiums By-lawThe Board of Directors of the Canada Deposit Insurance Corporation makes the annexed Canada Deposit Insurance Corporation Differential Premiums By-law under subsection 21(2)a of the Canada Deposit Insurance Corporation Actb.S.C. 1996, c. 6, s. 27R.S., c. C-3Ottawa, August 25, 2025The Minister of Finance, under subsection 21(3)a of the Canada Deposit Insurance Corporation Actb, approves the annexed Canada Deposit Insurance Corporation Differential Premiums By-law, made by the Board of Directors of the Canada Deposit Insurance Corporation.S.C. 1996, c. 6, s. 27R.S., c. C-3Ottawa, August 25, 2025
Le ministre des Finances,François-Philippe ChampagneMinister of Finance
DefinitionsDefinitionsThe following definitions apply in this By-law.Act means the Canada Deposit Insurance Corporation Act. (Loi)fall return means a return referred to in paragraph 5(1)(a). (déclaration automnale)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 means a return referred to in paragraph 5(1)(b). (déclaration printanière)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 has the same meaning as in section 2 of the Bank Act. (filiale)Annual PremiumCalculationFor 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$5,000, andsubject to subsections (2) and (3), the result determined in accordance with the formulaA × B × (C + D) ÷ 2whereAis 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,Bis 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,Cis the percentage set out in column 3 of Schedule 1 that corresponds tothe 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,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, orif the annual premium is being determined for the purpose of paragraph 23(1)(a) of the Act,premium category 2, orpremium category 3, in the case of a new member institution that has been assigned a stage of intervention, andDis the percentage set out in column 3 of Schedule 1 that corresponds tothe premium category set out in column 1 in which the member institution is classified as of July 15 of the premium year, orif the annual premium is being determined for the purpose of paragraph 23(1)(a) of the Act,premium category 2, orpremium category 3, in the case of a new member institution that has been assigned a stage of intervention.Late submission of fall returnIf 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)) ÷ HwhereCis the percentage referred to in subparagraph (i) of the description of C in paragraph (1)(b);Eis 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;Fis the percentage set out in column 3 of Schedule 1 that corresponds to premium category 5;Gis 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; andHis 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.Late submission of spring returnIf 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)) ÷ KwhereDis the percentage referred to in subparagraph (i) of the description of D in paragraph (1)(b);Iis 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;Fis the percentage set out in column 3 of Schedule 1 that corresponds to premium category 5;Jis 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; andKis the number of days in the premium year.Exception — 2026–2027 premium yearDespite 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$5,000, andthe result determined in accordance with the formulaA × B × DwhereAis the percentage referred to in the description of A in paragraph (1)(b),Bis the amount referred to in the description of B in paragraph (1)(b), andDis 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).Premium CategoryClassificationCorporation’s obligationThe 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).DeterminationSubject 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.Exception — new member institutionA new member institution must be classified in premium category 2 unless ithas been assigned a stage of intervention;is a bridge institution;is a subsidiary of another member institution; orhas a subsidiary that is a member institution that is not new.Exception — stage of interventionA 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.Exception — bridge institutionA member institution that is a bridge institution must be classified in premium category 1.Exception — subsidiary of member institutionA 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.Exception — amalgamation of new member institutionsA 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 inpremium category 2; orpremium category 3, if the amalgamated member institution has been assigned a stage of intervention.Exception — return not submittedA member institution must be classified in premium category 5 ifin 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; orin 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.Total ScoreCalculationA member institution’s total score is equal to the sum offor the purpose of its classification as of January 15 of a calendar year,its fall quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (3), andits fall qualitative score for the premium year that begins in that calendar year, as determined under section 10; orfor the purpose of its classification as of July 15 of a calendar year,its spring quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (4), andits spring qualitative score for the premium year that begins in that calendar year, as determined under section 10.Exception — parent of not new subsidiaryDespite 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:the subsidiary is not new;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; andthe subsidiary is not, on the day on which the classification occurs, a subsidiary of another member institution.Quantitative FactorsSubmission of documentsEvery member institution must submit to the Corporationnot 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;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;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;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:the Consolidated Statement of Comprehensive Income, Retained Earnings and AOCI,the Return of Allowances for Expected Credit Losses,the Consolidated Monthly Balance Sheet,Section III of the Mortgage Loans Report,the Non-Mortgage Loans Report (Quarterly),the Pledging and REPOS Report,the Deposit Liabilities Classified by Institutional Sector Report,the Balance Sheet by Booking Location return,the Net Stable Funding Ratio Reporting return, if the member institution is a domestic systemically important bank,the Liquidity Coverage Ratio (LCR) Reporting return, if the member institution is a domestic systemically important bank,the Net Cumulative Cash Flow (NCCF) Return,the Streamlined Net Cumulative Cash Flow (NCCF) Return,the Leverage Requirements Return, andthe Operating Cash Flow Statement return; andnot 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),a revised fall return or spring return, ora 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.ExceptionSubsection (1) does not apply to a member institution to which any of subsections 3(3) to (7) or 4(2) apply.Financial informationThe information provided by a member institution under subsection (1) must beconsistent with audited financial statements prepared as of the end of the applicable financial year of the member institution; andbased on consolidated financial information.AdjustmentsThe 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.Assignment of scoresThe 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: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; andin 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).Quantitative scoreA 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.ExceptionsA member institution’s fall or spring quantitative score is equal to the corresponding sum referred to in subsection (1) multiplied byone 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;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;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; orone 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.Recently amalgamated institution — fall scoreThe 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 ifthe amalgamated institution has a financial year that ends on October 31; orthe amalgamated institution has a financial year that ends on December 31 and the amalgamation occurred after June 30 of the previous premium year.Recently amalgamated institution — spring scoreThe 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 occurredafter October 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on October 31; orafter December 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on December 31.Qualitative FactorsExaminer’s RatingDefinition of examiner’s ratingIn 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:in the case of a federal member institution, the Superintendent; andin the case of a provincial member institutionthe Corporation or a person designated under paragraph 28(a) of the Act, orthe 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.Assignment of score — January 15On 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 — assignthe 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: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, andthe 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; orif 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.Exception — amalgamated institutionOn 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.Assignment of score — July 15On 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 — assignthe 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:the most recent examiner’s rating that was assigned to the member institution in the previous premium year, andthe 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; orif 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.Exception — amalgamated institutionOn 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.Risk and Resolvability ScoreDefinitionsThe following definitions apply in this section.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 has the meaning assigned by paragraph 11(4)(b) of the Canada Deposit Insurance Corporation Resolution Planning By-law. (partiellement non conforme)resolution plan has the same meaning as in section 1 of the Canada Deposit Insurance Corporation Resolution Planning By-law. (plan de règlement)Domestic systemically important banksThe 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: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;8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law andits resolution plan is partially non-compliant and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation, orits 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;5, ifthe 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, orthe 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; or0, ifthe member institution’s resolution plan is materially non-compliant,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, orthe 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.Other member institutionsThe 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: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;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;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; or0, ifthe 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, orthe 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.Deemed complianceFor 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.Qualitative ScoreCalculationA 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.ReclassificationFall return after January 14If 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 periodthe 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 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 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; andif 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.Transitional Provisions, Amendments to this By-law, Consequential and Related Amendments, Repeal and Coming into ForceTransitional ProvisionsExisting new member institutionThe 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”: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);subsection 3(3); andparagraph 3(7)(a).Existing new staged member institutionThe 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”.Amendment to this By-law[Amendments]Consequential and Related Amendments to the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law[Amendments][Amendments][Amendments][Amendments]Related Amendment to the Canada Deposit Insurance Corporation Prescribed Practices Premium Surcharge By-law[Amendments]RepealThe Canada Deposit Insurance Corporation Differential Premiums By-law3 is repealed.SOR/99-120Coming into ForceApril 29, 2026Subject to subsection (2), this By-law comes into force on April 29, 2026.ExceptionSection 14 comes into force on July 16, 2026.(Paragraph 2(1)(b) and subsections 2(2) and (3) and 3(2))
Premium CategoriesColumn 1Column 2Column 3ItemPremium CategoryTotal ScorePercentage11≥ 9022.5%22≥ 80 and < 9027%33≥ 65 and < 8040.5%44≥ 50 and < 6572.9%55< 50100%
(Section 6)
Quantitative FactorsColumn 1Column 2Column 3ItemFactorDescriptionScore1Total Loss Absorbing Capacity (TLAC) Leverage Ratio1≥ 110% of the Minimum TLAC Leverage Ratio5≥ 100% and < 110% of the Minimum TLAC Leverage Ratio3< 100% of the Minimum TLAC Leverage Ratio02Common Equity Tier 1 (CET1) Capital Ratio and Risk-Based TLAC Ratio1CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is ≥ Supervisory Target Risk-based TLAC Ratio5Either CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio3CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio03Leverage Ratio2≥ 110% of the Authorized Leverage Ratio5≥ 100% and < 110% of the Authorized Leverage Ratio3< 100% of the Authorized Leverage Ratio04CET1 Capital Ratio and Total Capital Ratio2CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Total Capital Ratio is ≥ Supervisory Target Total Capital Ratio5CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Total Capital Ratio is < Supervisory Target Total Capital Ratio3CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Total Capital Ratio is < Supervisory Target Total Capital Ratio05CET1 Capital Ratio and Total Capital Ratio3CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Total Capital Ratio is ≥ Supervisory Target Total Capital Ratio10CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Total Capital Ratio is < Supervisory Target Total Capital Ratio6CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Total Capital Ratio is < Supervisory Target Total Capital Ratio06Return on Risk-weighted Assets≥ 1.6%5≥ 0.75% and < 1.6%3< 0.75% (including negative results)07Mean Adjusted Net Income Volatility≥ 0 and ≤ 0.755> 0.75 and ≤ 1.53> 1.50Result is negative or mean net income or loss is 00Not applicable08Net Impaired Assets to Total Capital≥ 0% and < 15%5≥ 15% and < 30%3≥ 30%0< 0%09Three-Year Moving Average Asset Growth≤ 15% (including negative results)5> 15% and ≤ 40%3> 40%0Not applicable010Real Estate Asset ConcentrationRatio of total mortgage loans to sum of total mortgage loans, non-mortgage loans, securities and acceptances (”threshold ratio”) is < 10%5Threshold ratio is ≥ 10% and concentration of each mortgage loan type is low-risk5Threshold ratio is ≥ 10% and concentration of each mortgage loan type is either low-risk or medium-risk3Threshold ratio is ≥ 10% and concentration of at least one mortgage loan type is high-risk011Asset Encumbrance MeasureUnencumbered Asset Concentration is ≤ 100%5Unencumbered Asset Concentration is > 100% and Pledged Asset Ratio is < 40%3Unencumbered Asset Concentration is > 100% and Pledged Asset Ratio is ≥ 40%012Aggregate Commercial Loan Concentration RatioThreshold ratio referred to in paragraph (a) of item 10 is > 90%5< 100% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90%5≥ 100% and < 300% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90%3≥ 300% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90%013High Quality Liquid Assets to Short-Term Funding4≥ 15%5≥ 10% and < 15%3< 10%014Liquidity Coverage Ratio1≥ 110%7.5≥ 100% and < 110%4< 100%015Stable Funding Ratio4≥ 45%5≥ 20% and < 45%3< 20%016Brokered Deposit Ratio4< 15%5≥ 15% and < 25%3≥ 25%017Net Stable Funding Ratio1≥ 110%7.5≥ 100% and < 110%4< 100%0
This factor applies only to member institutions that are domestic systemically important banks.This factor applies only to member institutions that are Category I or II SMSBs under the Small and Medium-Sized Deposit-Taking Institutions (SMSBs) Capital and Liquidity Requirements – Guideline.This factor applies only to member institutions that are Category III SMSBs under the Small and Medium-Sized Deposit-Taking Institutions (SMSBs) Capital and Liquidity Requirements – Guideline.This factor applies only to member institutions that are not domestic systemically important banks.(Paragraphs 8(2)(a) and (4)(a))
AMENDMENTS NOT IN FORCE
— SOR/2025-165, s. 14Subparagraph 8(4)(a)(ii) of this By-law is replaced by the following:the examiner’s rating that was used for the purpose of assigning a score to the member institution under this subsection in the previous premium year; or