Banking Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Definitions
Part II CONTROL OF DEPOSIT-TAKING ACTIVITIES
3 Exemption from section 4A (1) of Act
3A Exemption from section 4A (1) and (2) of Act
4 Application of section 4A (2) of Act
5 Application of section 4B (6) (e ) of Act
6 Additional disclosure requirements for exemption under regulation 5
Part III EXCLUSION OF CERTAIN PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENTS
7 Exclusion of certain companies from operation of section 32 of Act
Part IV PROPERTY SECTOR EXPOSURE
8 Property sector exposure limit
9 Submission of returns
Part V APPLICATION OF SECRECY PROVISIONS TO MERCHANT BANKS
10 Application of section 47 of, and Third Schedule to, Act to merchant banks
Part VI EXCLUSION OF NON-BENEFICIAL INTERESTS IN OR RIGHTS OVER IMMOVABLE PROPERTY
11 Exclusion of non-beneficial interests in or rights over immovable property from section 33 of Act
Part VII COMPUTATION OF MAJOR STAKES
12 Meaning of "affiliated entity"
13 Holding by affiliated entity deemed to be holding by bank
14 Affiliated entity over which the bank has no effective control
Part VIII LIMITATION OF MUTUAL SHAREHOLDINGS
15 Definitions of this Part
16 Limitation of mutual shareholdings
17 Qualified major stake company over which the bank has no effective control
18 Offences, penalties and defences
19 Grace period for mutual shareholdings
Part IX PRESCRIBED BUSINESSES
20 Definitions of this Part
21 Prescribed property-related businesses
22 Prescribed alternative financing business
FIRST SCHEDULE Quarterly Reporting For Section 35, Banking Act
SECOND SCHEDULE Secrecy Provisions Applicable to Merchant Banks
THIRD SCHEDULE Exceptions to Secrecy Obligation of Merchant Banks
Legislative History