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Shared Premises Regulations (Banks)

Version of section 1 from 2006-03-22 to 2008-03-05:


Definition of member institution

  •  (1) In this section, member institution has the same meaning as in section 2 of the Canada Deposit Insurance Corporation Act.

  • Marginal note:Shared premises

    (2) A bank to which paragraph 413(1)(b) of the Bank Act applies may carry on business in Canada on premises that are shared with those of a member institution that is affiliated with the bank if, on those premises, whenever a request is made in person to open a deposit account with the bank, the bank opens the account at a work space that is separate and distinct from every work space at which the member institution carries on business.


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