Examples of Schedule III Banks in a sentence
Notwithstanding anything to the contrary contained in this Agreement, participating interests in, and rights and obligations with respect to, Canadian Advances and Canadian Commitments may be granted or assigned only to Schedule I Banks, Schedule II Banks, Schedule III Banks or a Person established under the laws of Canada or any province or territory thereof that is authorized to carry on business in Canada pursuant to Part XII of the Bank Act (Canada).
Consequential Amendment (Annex F)CSA staff determined that, in order to maintain the status quo for the application of the early warning requirements, an amendment was required to NI 62-103 to specifically include Schedule III Banks in the definition of “financial institution” given the exclusion of Schedule III Banks from the amended definition of “Canadian financial institution” in NI 14-101.
Consequential (Annexes B and D)The following are consequential amendments to NI 31-103 and NI 45-106:• References to “financial intermediary” in NI 31-103 and NI 45-106 are being removed since that expression is narrower than “Canadian financial institution” and thus not necessary.• The definition of “bank” in NI 45-106 is being removed since it is not necessary in light of the exclusion of Schedule III Banks from the amended definition of “Canadian financial institution” in NI 14-101.
CSA staff determined that, in order to maintain the status quo for the data reporting requirements, an amendment (Local Amendment) was required to section 25 of Rule 91-507 to specifically include a reference to Schedule III Banks given the exclusion of Schedule III Banks from the amended definition of “Canadian financial institution” in NI 14-101.
Consequential Amendment (Annex D)CSA staff determined that, in order to maintain the status quo for the application of the early warning requirements, an amendment was required to NI 62-103 to specifically include Schedule III Banks in the definition of “financial institution” given the exclusion of Schedule III Banks from the proposed definition of “Canadian financial institution” in NI 14-101.
Housekeeping Amendments (Annexes B and C)We are proposing the following housekeeping amendments in NI 31-103 and NI 45-106:• References to “financial intermediary” in NI 31-103 and NI 45-106 are removed since that expression is narrower than “Canadian financial institution” and thus not necessary.• The definition of “bank” in NI 45-106 is not necessary in light of the proposed exclusion of Schedule III Banks from the definition of “Canadian financial institution” in NI14-101.
At least one but not more than two Canadian Banks which are Schedule II Banks or Schedule III Banks under the Bank Act (Canada) to be designated by the Canadian Agent and the Canadian Borrowers (with the consent of each such Canadian Bank).
Consequential Amendment (Annex D) CSA staff determined that, in order to maintain the status quo for the application of the early warning requirements, an amendment was required to NI 62-103 to specifically include Schedule III Banks in the definition of “financial institution” given the exclusion of Schedule III Banks from the proposed definition of “Canadian financial institution” in NI 14-101.
These amendments are intended to specifically include Schedule III Banks to maintain the status quo given the new definition of “Canadian financial institution” in Regulation 14-101 respecting Definitions (chapter V-1.1, r.3).A regulation of the Autorité des marchés financiers (the “Authority”) must be submitted to the Minister of Finance for approval, with or without modification, at the end of a period of 30 days from its publication in the Bulletin of the Authority.
Moody’s Investors Service, a credit rating agency.One Investment: Prudent Person Rule: Safekeeping:S&P: S&P/TSX Composite Index: Schedule I Banks: Schedule II Banks: Schedule III Banks: Weighted Average Maturity:Co-mingled investment program that guarantees regulatory compliance with the Municipal Act, which is specifically designed for Ontario municipalities, which is jointly operated by LAS and CHUMS Financing Corporation.