Shared Premises Regulations (Banks)
P.C. 2002-1563 2002-09-24
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraph 413.3(4)(a)Footnote a of the Bank ActFootnote b, hereby makes the annexed Shared Premises Regulations (Banks).
Definition of member institution
Marginal note:Shared premises
(2) A bank to which paragraph 413(1)(b) or (c) 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.
- SOR/2008-63, s. 1
Coming into Force
Marginal note:Coming into force
2 These Regulations come into force on the day on which they are registered.
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