Bill C-67

If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.

PDF

	144. The Act is amended by adding the following after section 503:
Regulations	503.1 The Governor in Council may make regulations prohibiting, limiting or restricting the disclosure by companies of prescribed supervisory information.
	CONSEQUENTIAL AMENDMENTS
R.S., c. A-12	Arctic Waters Pollution Prevention Act
	*145. Subsection 23(3) of the Arctic Waters Pollution Prevention Act* is replaced by the following:**
Perishable goods	(3) Where all or any part of a cargo seized under subsection (1) is perishable, the pollution prevention officer or other person having custody of it may sell the cargo or the perishable portion, as the case may be, and the proceeds of the sale shall be paid to the Receiver General or shall be deposited in a bank, or an authorized foreign bank within the meaning of section 2 of the Bank Act, that is not subject to the restrictions and requirements referred to in subsection 524(2) of that Act, in respect of its business in Canada , to the credit of the Receiver General.
R.S., c. B-3; 1992, c. 27, s. 2	Bankruptcy and Insolvency Act
1992, c. 27, s. 3(2)	*146. (1) Paragraph (a) of the definition ``bank'' in subsection 2(1) of the Bankruptcy and Insolvency Act* is replaced by the following:**
	(a) every bank and every authorized foreign bank within the meaning of section 2 of the Bank Act ,
1997, c. 12, s. 1(2)	(2) The definition ``corporation'' in subsection 2(1) of the Act is replaced by the following:
``corporation' ' « personne morale »	``corporation'' includes any company or legal person incorporated by or under an Act of Parliament or of any province, and any incorporated company, wherever incorporated, that is authorized to carry on business in Canada or that has an office or property in Canada, but does not include banks, authorized foreign banks within the meaning of section 2 of the Bank Act , insurance companies, trust companies, loan companies or railway companies;
1992, c. 27, s. 79	147. Section 212 of the Act is replaced by the following:
Rights of banks, etc.	212. Nothing in this Act, other than sections 69 to 69.4 and 81 and 81.1, 81.2 and Part XI, interferes with or restricts the rights and privileges conferred on banks, authorized foreign banks within the meaning of section 2 of the Bank Act and banking corporations by that Act.
R.S., c. B-4	Bills of Exchange Act
	*148. The definition ``bank'' in section 2 of the Bills of Exchange Act* is replaced by the following:**
``bank'' « banque »	``bank'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ;
R.S., c. C-5	Canada Evidence Act
1995, c. 28, par. 47(a)	*149. The definition ``financial institution'' in subsection 29(9) of the Canada Evidence Act* is replaced by the following:**
``financial institution'' « institution financière »	``financial institution'' means the Bank of Canada, the Business Development Bank of Canada and any institution that accepts in Canada deposits of money from its members or the public, and includes a branch, agency or office of any of those Banks or institutions ;
1992, c. 1, s. 142(1) (Sch. V, subitem 9(2))	150. The definition ``corporation'' in subsection 31(1) of the Act is replaced by the following:
``corporation' ' « personne morale »	``corporation'' means any bank, including the Bank of Canada and the Business Development Bank of Canada, any authorized foreign bank within the meaning of section 2 of the Bank Act and each of the following carrying on business in Canada, namely, every railway, express, telegraph and telephone company (except a street railway and tramway company), insurance company or society, trust company and loan company;
R.S., c. 16 (4th Supp.)	Canadian Environmental Protection Act
	*151. (1) Paragraph (g) of the definition ``federal works or undertakings'' in section 52 of the Canadian Environmental Protection Act* is replaced by the following:**
	(g) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,
Bill C-32	(2) If Bill C-32, introduced in the first session of the thirty-sixth Parliament and entitled An Act respecting pollution prevention and the protection of the environment and human health in order to contribute to sustainable development, is assented to, then, on the later of the day on which the definition ``federal work or undertaking'' in subsection 3(1) of that Act comes into force and the day on which subsection (1) of this section comes into force, paragraph (g) of that definition is replaced by the following:
	(g) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act,
R.S., c. C-24	Canadian Wheat Board Act
	*152. Paragraph (a) of the definition ``bank'' in subsection 2(1) of the Canadian Wheat Board Act* is replaced by the following:**
	(a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,
R.S., c. C-34; R.S., c. 19 (2nd Supp.), s. 19	Competition Act
1991, c. 47, s. 715(2)	*153. Subsection 49(3) of the Competition Act* is replaced by the following:**
Definition of ``federal financial institution''	(3) In this section and section 45, ``federal financial institution'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act , a company to which the Trust and Loan Companies Act applies or a company or society to which the Insurance Companies Act applies.
R.S., c. C-36	Companies' Creditors Arrangement Act
1997, c. 12, s. 120(E)	*154. The definition ``company'' in section 2 of the Companies' Creditors Arrangement Act* is replaced by the following:**
``company'' « compagnie »	``company'' means any company, corporation or legal person incorporated by or under an Act of Parliament or of the legislature of a province and any incorporated company having assets or doing business in Canada, wherever incorporated, except banks, authorized foreign banks within the meaning of section 2 of the Bank Act , railway or telegraph companies, insurance companies and companies to which the Trust and Loan Companies Act applies;
R.S., c. C-46	Criminal Code
	*155. Subparagraph (a)(ii) of the definition ``valuable security'' in section 2 of the Criminal Code* is replaced by the following:**
	(ii) to a deposit in a financial institu tion ,
	156. Subsection 206(8) of the Act is amended by adding the word ``or'' at the end of paragraph (a) and by striking out paragraph (b).
R.S., c. E-2	Canada Elections Act
1992, c. 1, s. 142(1) (Sch. V, item 13)	*157. Paragraph 216(1)(a) of the Canada Elections Act* is replaced by the following:**
	(a) any bank or authorized foreign bank within the meaning of section 2 of the Bank Act that is not subject to the restrictions and requirements referred to in subsection 524(2) of that Act ,
R.S., c. E-15	Excise Tax Act
	*158. Subsection 2(1) of the Excise Tax Act* is amended by adding the following in alphabetical order:**
``bank'' « banque »	``bank'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act;
	159. Subsection 123(1) of the Act is amended by adding the following in alphabetical order:
``bank'' « banque »	``bank'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act;
1994, c. 9, s. 20(1)	160. Paragraph 278(3)(a) of the Act is replaced by the following:
	(a) a bank, other than an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2) of the Bank Act ;
1997, c. 21	Farm Debt Mediation Act
	*161. Paragraph (c) of the definition ``secured creditor'' in section 2 of the Farm Debt Mediation Act* is replaced by the following:**
	(c) any bank, or authorized foreign bank within the meaning of section 2 of the Bank Act to which security on the property of a farmer or any part of the property has been given under section 427 of that Act or under section 427 as incorporated by section 555 of that Act, as the case may be .
R.S., c. 25 (3rd Supp.)	Farm Improvement and Marketing Cooperatives Loans Act
	*162. Paragraph (a) of the definition ``lender'' in section 2 of the Farm Improvement and Marketing Cooperatives Loans Act* is replaced by the following:**
	(a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,
R.S., c. F-3	Farm Improvement Loans Act
	*163. Paragraph (a) of the definition ``lender'' in subsection 2(1) of the Farm Improvement Loans Act* is replaced by the following:**
	(a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,
	164. Section 10 of the Act is amended by adding the following after subsection (2):
Meaning of ``bank''	(3) In this section, ``bank'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act.
R.S., c. F-22	Fisheries Improvement Loans Act
	*165. Paragraph (a) of the definition ``lender'' in section 2 of the Fisheries Improvement Loans Act* is replaced by the following:**
	(a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,
	166. Section 10 of the Act is amended by adding the following after subsection (2):
Meaning of ``bank''	(3) In this section, ``bank'' means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act.
R.S., c. I-19	International Development Research Centre Act
	*167. Subsection 20(1) of the International Development Research Centre Act* is replaced by the following:**
International Development Research Centre Account	20. (1) The Centre shall establish, under its management in a bank or in an authorized foreign bank within the meaning of section 2 of the Bank Act that is not subject to the restrictions and requirements referred to in subsection 524(2) of that Act in respect of its business in Canada , an account to be known as the International Development Research Centre Account, in this section called the ``Account''.
R.S., c. I-21	Interpretation Act
	*168. The definition ``bank'' in subsection 35(1) of the Interpretation Act* is replaced by the following:**
``bank'' « banque »	``bank'' means a bank listed in Schedule I or II to the Bank Act;
R.S., c. L-2	Canada Labour Code
	*169. Paragraph (g) of the definition ``federal work, undertaking or business'' in section 2 of the Canada Labour Code* is replaced by the following:**
	(g) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act ,