CONSOLIDATION

Exemption from Deposit Insurance By-law (Foreign Currency Deposits)

SOR/99-384

Current to June 20, 2022 Last amended on April 4, 2008



OFFICIAL STATUS OF CONSOLIDATIONS Subsections 31(1) and (3) of the Legislation Revision and Consolidation Act, in force on June 1, 2009, provide as follows: Published consolidation is evidence

31 (1) Every copy of a consolidated statute or consolidated regulation published by the Minister under this Act in either print or electronic form is evidence of that statute or regulation and of its contents and every copy purporting to be published by the Minister is deemed to be so published, unless the contrary is shown. ... Inconsistencies in regulations

(3) In the event of an inconsistency between a consolidated regulation published by the Minister under this Act and the original regulation or a subsequent amendment as registered by the Clerk of the Privy Council under the Statutory Instruments Act, the original regulation or amendment prevails to the extent of the inconsistency.

LAYOUT The notes that appeared in the left or right margins are now in boldface text directly above the provisions to which they relate. They form no part of the enactment, but are inserted for convenience of reference only.

NOTE This consolidation is current to June 20, 2022. The last amendments came into force on April 4, 2008. Any amendments that were not in force as of June 20, 2022 are set out at the end of this document under the heading “Amendments Not in Force”.

Current to June 20, 2022 Last amended on April 4, 2008

TABLE OF PROVISIONS Exemption from Deposit Insurance By-law (Foreign Currency Deposits)

Rate of Exchange

Coming into Force

Current to June 20, 2022 Last amended on April 4, 2008

ii

Registration SOR/99-384 October 5, 1999

CANADA DEPOSIT INSURANCE CORPORATION ACT Exemption from Deposit Insurance By-law (Foreign Currency Deposits)

The Board of Directors of the Canada Deposit Insurance Corporation, pursuant to paragraph 11(2)(g)a and subsection 26.03(2)b of the Canada Deposit Insurance Corporation Act, hereby makes the annexed Exemption from Deposit Insurance By-law (Foreign Currency Deposits). September 29, 1999

a

R.S., c. 18 (3rd Supp.), s. 51

b

S.C. 1997, c. 15, s. 114

Current to June 20, 2022 Last amended on April 4, 2008

Exemption from Deposit Insurance By-law (Foreign Currency Deposits)

Rate of Exchange 1 For the purpose of paragraph 26.03(1)(b) of the Canada Deposit Insurance Corporation Act, the rate of exchange that shall be applied on any day in determining the amount in Canadian dollars of a deposit in a currency of a country other than Canada is the latest exchange rate at which the federal member institution that holds the deposit offered, before the day of the determination, to buy that currency with Canadian dollars. SOR/2008-105, s. 1.

Coming into Force 2 This By-law comes into force on October 15, 1999.

Current to June 20, 2022 Last amended on April 4, 2008

