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Bank Act ( 1991, c. 46 )
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Detailed Table of Contents (
Table of Contents
)
BANK ACT
SHORT TITLE
PART I: INTERPRETATION AND APPLICATION
Definitions
Interpretation
Application
PART II: STATUS AND POWERS
PART III: INCORPORATION AND CONTINUANCE
Formalities of Incorporation
Continuance
Discontinuance
Corporate Name
PART IV: ORGANIZATION AND COMMENCEMENT
Organization Meetings
Commencement and Carrying on of Business
PART V: CAPITAL STRUCTURE
Share Capital
Subordinated Indebtedness
Security Certificates and Transfers
PART VI: CORPORATE GOVERNANCE
Shareholders
Proxies
Restrictions on Voting
Directors and Officers
Duties
Qualification and Number — Directors
Election and Tenure — Directors
Incomplete Elections and Director Vacancies
Meetings of the Board
By-laws
Committees of the Board
Directors and Officers — Authority
Conflicts of Interest
Liability, Exculpation and Indemnification
Fundamental Changes
Amendments
Amalgamation
Transfer of Business
Corporate Records
Head Office and Corporate Records
Securities Registers
Corporate Name and Seal
Insiders
Insider Reporting
Insider Trading
Civil Remedies
Prospectus
Compulsory Acquisitions
Trust Indentures
Financial Statements and Auditors
Annual Financial Statement
Auditors
Remedial Actions
Liquidation and Dissolution
Simple Liquidation
Court-supervised Liquidation
General
PART VII: OWNERSHIP
Division I: Definitions And Interpretation
Division II: Ownership Of Banks
Constraints on Ownership
Approval Process
Division V: Directions
General Provisions
PART VIII: BUSINESS AND POWERS
General Business
Special Security
Deposit Acceptance
Unclaimed Balances
Accounts
Borrowing Costs
Complaints
Miscellaneous
PART IX: INVESTMENTS
Definitions and Application
General Constraints on Investments
Subsidiaries and Equity Investments
Exceptions and Exclusions
Portfolio Limits
Real Property
Equities
Aggregate Limit
Miscellaneous
PART X: ADEQUACY OF CAPITAL AND LIQUIDITY
PART XI: SELF-DEALING
Interpretation and Application
Prohibited Related Party Transactions
Permitted Related Party Transactions
Restrictions on Permitted Transactions
Disclosure
Remedial Actions
PART XII: FOREIGN BANKS
Division 1: Interpretation And Application
Division 2: General Prohibitions And Exceptions
Division 3: No Financial Establishment In Canada
Division 4: Financial Establishment In Canada
Investments
Branches
Division 5: Designation And Approvals
Division 6: Administration
Division 7: Non-Application Of Investment Canada Act
Division 8: Transitional
PART XII.1: AUTHORIZED FOREIGN BANKS
Application
Formalities of Authorization
Commencement and Carrying on of Business in Canada
Principal Office and Principal Officer
Transfer of Liabilities
Business and Powers
Deposit Acceptance
Unclaimed Balances
Accounts
Borrowing Costs
Complaints
Miscellaneous
Deposit Requirements
Financial Year
Auditors
Interpretation
Appointment
Examinations and Reports
Records
Termination of Business in Canada
Supervision
Returns
Inspection of Authorized Foreign Banks
Remedial Powers
Prudential Agreements
Directions of Compliance
Asset Maintenance
Disqualification and Removal of Principal Officers
Supervisory Intervention
PART XIII: REGULATION OF BANKS — SUPERINTENDENT
Supervision
Returns
Inspection of Banks
Remedial Powers
Prudential Agreements
Directions of Compliance
Disqualification and Removal of Directors or Senior Officers
Supervisory Intervention
PART XIV: REGULATION OF BANKS — COMMISSIONER
PART XV: BANK HOLDING COMPANIES
Purpose
Division 1: Interpretation
Division 2: Status And Powers
Division 3: Incorporation And Continuance
Formalities of Incorporation
Continuance
Discontinuance
Corporate Name
Publication of Information
Division 4: Organization And Commencement
Division 5: Capital Structure
Share Capital
Subordinated Indebtedness
Security Certificates and Transfers
Division 6: Corporate Governance
Shareholders
Proxies and Voting Restrictions
Directors and Officers
Duties
Qualification and Number — Directors
Election and Tenure — Directors
Incomplete Elections and Director Vacancies
Meetings of the Board
By-laws
Committees of the Board
Directors and Officers — Authority
Conflicts of Interest
Liability, Exculpation and Indemnification
Fundamental Changes
Amendments
Amalgamation
Transfer of Business
Corporate Records
Head Office and Corporate Records
Securities Registers
Corporate Name and Seal
Insiders
Prospectus
Compulsory Acquisitions
Trust Indentures
Financial Statements and Auditor
Annual Financial Statement
Auditors
Remedial Actions
Liquidation and Dissolution
Simple Liquidation
Court-supervised Liquidation
General
Division 7: Ownership
Constraints on Ownership
Approval Process
Division 8: Business And Powers
Division 9: Investments
Interpretation
Investments
General Constraints on Investments
Subsidiaries and Equity Investments
Exceptions and Exclusions
Portfolio Limits
Real Property
Equities
Aggregate Limit
Miscellaneous
Division 10: Adequacy Of Capital And Liquidity
Division 11: Regulation Of Bank Holding Companies
Supervision
Returns
Inspection of Bank Holding Companies
Remedial Powers
Prudential Agreements
Directions of Compliance
Disqualification and Removal of Directors or Senior Officers
PART XVI: ADMINISTRATION
Notices and Other Documents
Approvals — Terms, Conditions and Undertakings
Short-term Exemption Order
Orders and Directives
Applications to Superintendent
Appeals
Regulations
Delegation
PART XVII: SANCTIONS
SCHEDULE I: As at June 1, 2006
SCHEDULE II: As at June 1, 2006
SCHEDULE III: As at June 1, 2006
Related Regulations
Access to Basic Banking Services Regulations
Affiliated Persons (Banks) Regulations
Aggregate Financial Exposure (Banks) Regulations
Cheque Holding Policy Disclosure (Banks) Regulations
Complaint Information (Authorized Foreign Banks) Regulations
Complaint Information (Banks) Regulations
Cost of Borrowing (Authorized Foreign Banks) Regulations
Cost of Borrowing (Banks) Regulations
Disclosure of Charges (Authorized Foreign Banks) Regulations
Disclosure of Charges (Banks) Regulations
Disclosure of Interest (Authorized Foreign Banks) Regulations
Disclosure of Interest (Banks) Regulations
Disclosure on Account Opening by Telephone Request (Authorized Foreign Banks) Regulations
Disclosure on Account Opening by Telephone Request (Banks) Regulations
Entity Associated with a Foreign Bank Regulations
Entity Member of Group Regulations
Equity of a Bank or a Bank Holding Company Regulations
Exchange Rate (Authorized Foreign Banks) Regulations
Exempt Classes of Foreign Banks Regulations
Exempt Debt Obligation Transactions (Banks and Bank Holding Companies) Regulations
Exemption from Approval for Certain Investments in Intragroup Service Entities (Bank Act) Regulations
Exemption from Restrictions on Investments (Banks, Bank Holding Companies and Foreign Banks) Regulations
Factoring Entity Regulations
Finance Entity Regulations
Financial Leasing Entity Regulations
Foreign Bank Representative Offices Regulations
Form of Proxy (Banks and Bank Holding Companies) Regulations
Guidelines Respecting Control in Fact for the Purpose of Subsection 377(1) of the Bank Act
Index-linked Deposits Interest Disclosure Regulations
Information Processing Activities (Banks and Authorized Foreign Banks) Regulations
Information Technology Activities (Authorized Foreign Banks) Regulations
Information Technology Activities (Bank Holding Companies) Regulations
Information Technology Activities (Banks) Regulations
Information Technology Activities (Foreign Banks) Regulations
Insider Reports Exemptions (Banks) Regulations
Insider Reports Regulations
Insurance Business (Authorized Foreign Banks) Regulations
Insurance Business (Banks and Bank Holding Companies) Regulations
Investment Limits (Bank Holding Companies) Regulations
Investment Limits (Banks) Regulations
Manner of Calculation (Foreign Banks) Regulations
Material Percentage Regulations
Minority Investment (Bank Holding Companies) Regulations
Minority Investment (Banks) Regulations
Name Use (Affiliates of Banks, or Bank Holding Companies, that Are Not Widely Held) Regulations
Name Use (Foreign Banks) Regulations
Name Use by Non-financial Businesses (Excluded Entities) Regulations
Name Use in Securities-related Transactions (Banks and Bank Holding Companies) Regulations
Notice of Branch Closure (Banks) Regulations
Notices of Deposit Restrictions (Authorized Foreign Banks) Regulations
Notices of Uninsured Deposits Regulations
Prescribed Deposits (Authorized Foreign Banks) Regulations
Prescribed Deposits (Banks without Deposit Insurance) Regulations
Prohibited Activities Respecting Real Property (Foreign Banks) Regulations
Prospectus (Banks and Bank Holding Companies) Regulations
Prospectus Exemptions (Bank Holding Companies) Regulations
Prospectus Exemptions (Banks) Regulations
Protection of Assets (Banks) Regulations
Public Accountability Statements (Banks, Insurance Companies, Trust and Loan Companies) Regulations
Public Inquiry (Authorized Foreign Banks) Rules
Registration of Bank Special Security Regulations
Regulatory Capital (Bank Holding Companies) Regulations
Regulatory Capital (Banks) Regulations
Related Party Transactions (Banks) Regulations
Resident Canadian (Banks) Regulations
Rules Governing Proceedings at Public Inquiries into Objections (Banks)
Sales or Trades (Authorized Foreign Banks) Regulations
Securities Dealing Restrictions (Authorized Foreign Banks) Regulations
Securities Dealing Restrictions (Banks) Regulations
Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations
Shared Premises Regulations (Banks)
Specialized Financing (Bank Holding Companies) Regulations
Specialized Financing (Banks) Regulations
Specialized Financing (Foreign Banks) Regulations
Subsidiaries Holding Bank Shares (Banks) Regulations
Subsidiaries that Hold Bank Holding Company Shares Regulations
Supervisory Information (Authorized Foreign Banks) Regulations
Supervisory Information (Bank Holding Companies) Regulations
Supervisory Information (Banks) Regulations
Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations
Total Assets for Supervisability and Public Holding Requirements (Banks and Bank Holding Companies) Regulations
Bank Holding Company Proposal Regulations
Related Information
Related Instruments Information
(from the Consolidated Index of Statutory Instruments)
Coming into Force information
(from the Table of Public Statutes and Responsible Ministers)
Important Notices