Specialized Financing (Foreign Banks) Regulations

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Act

  Act means the Bank Act. (Loi)

  book value

  book value, in respect of the shares and ownership interests held by an entity, means the book value reported on the entity’s balance sheet on an unconsolidated basis. (valeur comptable)

  specialized financing entity of an entity associated with a foreign bank

  specialized financing entity of an entity associated with a foreign bank means a specialized financing entity that is controlled by an entity associated with a foreign bank or in which an entity associated with a foreign bank has a substantial investment. (entité s’occupant de financement spécial d’une entité liée à une banque étrangère)

  specialized financing entity of a foreign bank

  specialized financing entity of a foreign bank means a specialized financing entity that is controlled by a foreign bank or in which a foreign bank has a substantial investment. (entité d’une banque étrangère s’occupant de financement spécial)

• Meaning of specialized financing entity

  (2) In these Regulations and for the purpose of the definition specialized financing entity in subsection 507(1) of the Act, specialized financing entity means a Canadian entity that acquires or holds shares of, or ownership interests in, entities that a bank may acquire control of, or hold, acquire or increase a substantial investment in, under subsection 466(4) of the Act.