Canada Deposit Insurance Corporation Differential Premiums By-law

Marginal note:Definition of examiner’s rating

• 8 (1) In 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:

  • (a) in the case of a federal member institution, the Superintendent; and

  • (b) in the case of a provincial member institution

    • (i) the Corporation or a person designated under paragraph 28(a) of the Act, or

    • (ii) the 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.

• Marginal note:Assignment of score — January 15

  (2) On 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 — assign

  • (a) the 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:

    • (i) 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, and

    • (ii) the 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; or

  • (b) if 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.

• Marginal note:Exception — amalgamated institution

  (3) On 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.

• Marginal note:Assignment of score — July 15

  (4) On 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 — assign

  • (a) the 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:

    • (i) the most recent examiner’s rating that was assigned to the member institution in the previous premium year, and

    • (ii) 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

  • (b) if 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.

• Marginal note:Exception — amalgamated institution

  (5) On 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.