Specialized Financing (Foreign Banks) Regulations

Marginal note:Maximum authorized investment

2.3 A foreign bank shall not, by way of specialized financing activities, acquire or hold control of, or a substantial investment in, a Canadian entity if the aggregate balance sheet value of the shares and ownership interests that the following entities hold or would hold in the entity is more than $250 million:

• (a) the foreign bank;

• (b) the entities associated with the foreign bank;

• (c) the specialized financing entities of the foreign bank; and

• (d) the specialized financing entities of the entities associated with the foreign bank.