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.
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CDIC Act means the Canada Deposit Insurance Corporation Act;
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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;
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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.

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

  • 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 this Indenture and the Bail-inable Security.

  • 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.

  • The CDIC Act provides for a compensation process for holders of bail-inable notes who immediately prior to the making of an Order, directly or through an intermediary, own bail-inable notes that are converted in a bail-in conversion.

  • See “Canadian Bank Resolution Powers” in this prospectus supplement for a description of the compensation process under the CDIC Act.

  • The Issuer will comply with all trust disclosures required under the CDIC Act and COTDB with regard to the Investment Products acquired during the term of this Schedule and shall notify the CDIC of the termination of this Schedule in accordance with section 4(iv).

  • 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 this Indenture and the Bail-inable Security.

  • Under the CDIC Act, in circumstances where the Superintendent is of the opinion that TD has ceased, or is about to cease, to be viable and viability cannot be restored or preserved by exercise of the Superintendent’s powers under the Bank Act, the Superintendent, after providing TD with a reasonable opportunity to make representations, is required to provide a report to CDIC.

  • Under s.7 of the CDIC Act, the CDIC is also the Resolution Authority for Member Institutions.

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 4 of 2013;

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