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B.C. Reg. 107/92
O.C. 507/92
Deposited April 2, 1992
This consolidation is current to February 20, 2024.
Link to consolidated regulation (PDF)
Link to Point in Time

Financial Institutions Act

Credit Union Minimum Level
of Capital Regulation

[Last amended August 1, 2021 by B.C. Reg. 208/2021]

Interpretation

1   In this regulation "Act" means the Financial Institutions Act.

Amount prescribed for section 277 (2) (d) of the Act

2   For the purpose of section 277 (2) (d) of the Act, the amount prescribed is 5% of the calculated value of the credit union's risk weighted assets.

[am. B.C. Regs. 597/2004, Sch. s. 1; 208/2021, App. 5, s. 2.]

[Provisions relevant to the enactment of this regulation: Financial Institutions Act, R.S.B.C. 1996, c. 141, ss. 277 (2) (d) and 289.]