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B.C. Reg. 311/90
O.C. 1340/90
Deposited September 7, 1990
effective September 15, 1990
This consolidation is current to May 21, 2024.
Link to Point in Time

Financial Institutions Act;
Credit Union Incorporation Act;
Business Corporations Act

Definitions Regulation

[includes amendments up to B.C. Reg. 211/2012, November 1, 2012]

Definition of "officer"

1   In the Credit Union Incorporation Act, the Financial Institutions Act and the Business Corporations Act, as it applies to a financial institution, "officer" of a corporation includes a credit officer, an employee of the corporation who has the authority to approve loans and an employee of the corporation who reports directly to the directors.

[en. B.C. Reg. 109/92; am. B.C. Reg. 211/2012.]

Definition of "carry on deposit business"

2   In the Financial Institutions Act "carry on deposit business" does not include raise money through the issue of security instruments for the purpose of business other than deposit business.

[en. B.C. Reg. 390/90.]

[Provisions relevant to the enactment of this regulation: Financial Institutions Act, R.S.B.C. 1996, c. 141, section 289; Credit Union Incorporation Act, R.S.B.C. 1996, c. 82, section 108; Business Corporations Act, S.B.C. 2002, c. 57, section 432 (2) (gg)]