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I-13.2.2 - Deposit Institutions and Deposit Protection Act
Section 1.2
Disposition versions
1.2. For the purposes of this Act, financial institution activities are, in addition to deposit institution activities and credit, the activities that a legal person may not carry on without being an authorized financial institution or a bank within the meaning of the Bank Act (S.C. 1991, c. 46).
1.2. In this Act, unless the context indicates a different meaning,
“bank” means a bank listed in Schedule I or II of the Bank Act (S.C. 1991, c. 46);
“equivalent scheme” means any law providing protection to depositors that is similar to the protection provided by this Act;
“institution” means a legal person other than a bank;
“registered institution” means an insurer that holds a licence under the Act respecting insurance (chapter A-32), a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C-67.3), a trust company or a savings company that holds a licence under the Act respecting trust companies and savings companies (chapter S-29.01) or any other institution determined by regulation that holds a permit under this Act.
See special transitional provisions, S.Q. 2018, c. 23 , s. 392.
1.2. In this Act, unless the context indicates a different meaning,
“bank” means a bank listed in Schedule I or II of the Bank Act (Statutes of Canada, 1991, chapter 46);
“equivalent scheme” means any law providing protection to depositors that is similar to the protection provided by this Act;
“institution” means a legal person other than a bank;
“registered institution” means an insurer that holds a licence under the Act respecting insurance (chapter A-32), a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C-67.3), a trust company or a savings company that holds a licence under the Act respecting trust companies and savings companies (chapter S-29.01) or any other institution determined by regulation that holds a permit under this Act.
