Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 415.2 from 2014-06-19 to 2016-06-21:

Marginal note:Derivatives  — regulations

  •  (1) The Governor in Council may make regulations respecting a bank’s activities in relation to derivatives.

  • Definition of derivative

    (2) In this section, derivative means an option, swap, futures contract, forward contract or other financial or commodity contract or instrument whose market price, value, delivery obligations, payment obligations or settlement obligations are derived from, referenced to or based on an underlying interest, including a price, rate, index, value, variable, event, probability or thing.

  • 2014, c. 20, s. 210

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