Bill C-67

(a) with respect to matters described in paragraph (1)(b), that purports to be effective more than ten years after the day on which an order made under subsection 534(1) becomes effective in respect of the authorized foreign bank, unless the Minister is satisfied on the basis of evidence on oath provided by an officer of the authorized foreign bank that the authorized foreign bank will not be able at law to redeem or discharge at the end of the ten years any liabilities to which the permission relates;

(b) with respect to matters described in paragraphs (1)(c) and (d), that purports to be effective more than ten years after the day on which an order made under subsection 534(1) becomes effective in respect of the authorized foreign bank; and

(c) with respect to matters described in paragraphs (1)(e) and (f), that purports to be effective more than seven years after the day on which an order made under subsection 534(1) becomes effective in respect of the authorized foreign bank.

(a) prohibited by an Act of Parliament;

(b) in the opinion of the Superintendent, deceptively misdescriptive;

(c) the same as or, in the opinion of the Superintendent, substantially the same as or confusingly similar to, any existing trade-mark, trade name or corporate name of a body corporate, except where

(i) the trade-mark or trade name is being changed or the body corporate is being dissolved or is changing its corporate name, and

(ii) consent to the use of the trade-mark, trade name or corporate name is signified to the Superintendent in any manner that the Superintendent may require;

(d) the same as or, in the opinion of the Superintendent, substantially the same as or confusingly similar to, the known name under or by which any other entity carries on business or is identified; or

(e) reserved under section 43 for an existing or proposed bank or for an existing or proposed authorized foreign bank.

Commencement and Carrying on of Business in Canada

(a) deposited in Canada unencumbered assets of a type approved by the Superintendent, the total value of which, determined in accordance with the accounting principles referred to in subsection 308(4), shall be

(i) in the case of an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2), one hundred thousand dollars, or

(ii) in any other case, ten million dollars or any greater amount that the Superintendent specifies;

(b) submitted a power of attorney in accordance with subsection 536(2); and

(c) complied with all other relevant requirements of this Act.

(a) make the order subject to any conditions or limitations that the Superintendent considers appropriate that are consistent with this Act and that relate to the business in Canada of the authorized foreign bank, or

(b) amend or revoke any authorization contained in the order or any condition or limitation to which the order is subject,

Principal Office and Principal Officer

Transfer of Liabilities

(a) notice of the authorized foreign bank's intention to apply for the approval has been published at least once a week for a period of four consecutive weeks in the Canada Gazette and in a newspaper in general circulation at or near the place where the principal office of the transferring authorized foreign bank is situated; and

(b) the application for approval is supported by evidence satisfactory to the Minister that the requirement of paragraph (a) has been satisfied and that the entity to which the authorized foreign bank intends to make the transfer is an entity referred to in subsection (2).

Business and Powers

(a) providing any financial service;

(b) acting as a financial agent;

(c) providing investment counselling services and portfolio management services; and

(d) issuing payment, credit or charge cards and, in cooperation with others including other financial institutions, operating a payment, credit or charge card plan.

(a) hold, manage and otherwise deal with real property;

(b) engage, with the prior written approval of the Minister, in the activities in which an information services corporation, within the meaning of subsection 464(1), may engage;

(c) promote merchandise and services to the holders of any payment, credit or charge card issued by the authorized foreign bank;

(d) engage in the sale of

(i) tickets, including lottery tickets, on a non-profit public service basis in connection with special, temporary and infrequent non-commercial celebrations or projects that are of local, municipal, provincial or national interest,

(ii) urban transit tickets, and

(iii) tickets in respect of a lottery sponsored by the federal government or a provincial or municipal government or an agency of any of those governments;

(e) act as a custodian of property; and

(f) act as receiver, liquidator or sequestrator.

(a) respecting what an authorized foreign bank may or may not do with respect to the carrying on of the activities referred to in paragraph (1)(b); and

(b) imposing terms and conditions in respect of

(i) the provision of financial services referred to in paragraph 538(2)(a) that are financial planning services,

(ii) the provision of services referred to in paragraph 538(2)(c), and

(iii) the carrying on of the activities referred to in paragraph (1)(b).

(a) except as permitted by subsection (4), engage in the business of accepting deposit liabilities, or otherwise borrow money;

(b) act as an agent for any person in the taking of deposit liabilities; or

(c) guarantee any securities or accept any bills of exchange that are

(i) issued by any person, and

(ii) intended by the issuer or any party to be sold or traded.

(a) post notices in its branches in Canada that it does not accept deposits in Canada and that it is not a member institution of the Canada Deposit Insurance Corporation; and

(b) include in its advertisements the prescribed information.

(a) a financial institution other than a foreign bank; or

(b) a foreign bank that meets the conditions described in subparagraphs 521(1.07)(a)(i) and (ii).

(a) sections 545 and 546; and