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I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Section 21
Disposition versions

Full text
21. The amount of the premium payable by an authorized extra-provincial deposit institution resulting from an amalgamation of which any of the amalgamating deposit institutions were already authorized for the accounting period for premiums during which the amalgamated institution becomes an authorized deposit institution is equal to the amount provided for in the first paragraph of section 15 and calculated in accordance with the second paragraph thereof.
However, the amount of the premium payable by an authorized deposit institution or institutions that are part of an amalgamation for the number of days in this accounting period for premiums during which the guarantee prescribed under section 33.1 of the Act is in force must be subtracted from the amount of the premium determined in accordance with the first paragraph hereof.
An extra-provincial deposit institution is a deposit institution other than an authorized Québec deposit institution.
M.O. 2010-12, s. 21; M.O. 2020-09, s. 22.
21. The amount of the premium payable by a registered extra-provincial institution resulting from an amalgamation of which any of the amalgamating institutions were already registered for the accounting period for premiums during which the amalgamated institution becomes a registered institution is equal to the amount provided for in the first paragraph of section 15 and calculated in accordance with the second paragraph thereof.
However, the amount of the premium payable by a registered institution or institutions that are part of an amalgamation for the number of days in this accounting period for premiums during which the guarantee prescribed under section 33.1 of the Act is in force must be subtracted from the amount of the premium determined in accordance with the first paragraph hereof.
An extra-provincial institution is an institution incorporated or continued in Canada under a law other than a law of Québec.
M.O. 2010-12, s. 21.
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