CDIC Act definition

CDIC Act means Canada Deposit Insurance Corporation Act (Canada), and any successor statute thereto, in each case as amended from time to time.
CDIC Act means the Canada Deposit Insurance Corporation Act (R.S.C., 1985, c. C-3), as amended; “CDS” means CDS Clearing and Depository Services Inc. or its nominee;

Examples of CDIC Act in a sentence

  • By its acquisition of an interest in any Bail-inable Security, each Holder or Beneficial Owner of that Bail-inable Security shall be deemed to attorn and submit to the jurisdiction of the courts in the Province of Ontario with respect to actions, suits and proceedings arising out of or relating to the operation of the CDIC Act and the laws of the Province of Ontario and the federal laws of Canada applicable therein in respect of the Indenture and the Bail-inable Security.

  • Bail-inable Notes attorns to the jurisdiction of the courts in the Province of Ontario with respect to the operation of the CDIC Act.

  • The C.D.I.C. Act does not cover funds on deposit with a credit union or Alberta Treasury Branch.

  • Security deposit trust accounts with banks, trust companies and loan companies are insured to a limit of $100,000.The insurance protection for funds deposited in banks, trust companies and loan companies is provided by the C.D.I.C. Act.

  • The Covered Bonds will not be deposits insured under the CDIC Act or under any other governmental insurance scheme of any country.

  • The Principal At Risk Notes will not be deposits insured under the CDIC Act.

  • Resolution Planning serves as a guide to the effective use of CDIC’s powers, as set out in the CDIC Act, to resolve a large member in the event that the member’s own recovery measures are not feasible or have proven to be ineffective.

  • On April 20, 2016, the Budget Implementation Act was tabled, providing amendments to the CDIC Act, Bank Act (Canada), and other statutes to allow for bail-in.

  • Subordinated Notes do not constitute deposits of CIBC and will not constitute deposits that are insured under the CDIC Act.

  • An order under Section 39.13(1) of the CDIC Act prior to the date fixed for redemption of any Bail-inable Note shall automatically rescind any such notice of redemption and in such circumstances, no Bail-inable Notes shall be redeemed and no payment in respect of the rescinded redemption shall be due and payable.

Related to CDIC Act

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • FMC Act means the Financial Markets Conduct Act 2013.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • POPI Act means the Protection of Personal Information Act, No.4 of 2013;

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • SBIC Act means the Small Business Investment Act of 1958, as amended.

  • BC Act means the Securities Act (British Columbia), the regulations and rules made thereunder and all administrative policy statements, blanket orders, notices, directions and rulings issued or adopted by the British Columbia Securities Commission, all as amended;

  • FW Act means the Fair Work Act 2009 (Cth).

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • the 2000 Act means the Local Government Act 2000;

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1992 Act means the Local Government Finance Act 1992;

  • 1990 Act means the Town and Country Planning Act 1990;

  • the 1998 Act means the School Standards and Framework Act 1998;

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • BHC Act means the Bank Holding Company Act of 1956, as amended.

  • the 1980 Act means the Highways Act 1980(3);

  • Federal Power Act means the Federal Power Act, as amended, 16 U.S.C. §§ 791a, et seq.

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • S.A.F.E. act means the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Public Law 110-289).

  • 2012 Act means the Health and Social Care Act 2012;

  • the 1988 Act means the Local Government Finance Act 1988.

  • the 1972 Act means the Local Government Act 1972.

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.