Bill C-379
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- BILL C-379 BILL C-379
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First Session, Forty-second Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Bank Act (use of word “bank”, “banker” or “banking”)
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FIRST READING, October 23, 2017
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Mr. Albas |
SUMMARY
This enactment amends the Bank Act to authorize the use of the words “bank”, “banker” and “banking” by credit unions and caisses populaires that are provincially regulated.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 42nd Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-379 |
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An Act to amend the Bank Act (use of word “bank”, “banker” or “banking”) |
1991, c. 46
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1 Subsection 983(2.1) of the Bank Act is replaced by the following:
Unauthorized use of word “bank”, “banker” or “banking”
(2.1) Subject to the regulations and subsections (4) to (5.1), (6) and (12), every person, other than a bank Insertion start or a credit union or caisse populaire incorporated or organized by or under an Act of the legislature of a province Insertion end , who uses the word “bank”, “banker” or “banking” to indicate or describe a business in Canada or any part of a business in Canada, without being authorized to do so by this Act or any other Act of Parliament, is guilty of an offence.
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Published under authority of the Speaker of the House of Commons
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