Supervisory Information (Bank Holding Companies) Regulations

The Supervisory Information (Bank Holding Companies) Regulations were made by Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 956 and 978 of the Bank Act. The regulations aim to regulate the disclosure of supervisory information related to bank holding companies.

The regulations prescribe the following information as supervisory information: (1) any rating assigned by the Superintendent, stages of intervention, orders made under subsection 949(3), prudential agreements, and directions issued; and (2) reports prepared by or at the request of the Superintendent or recommendations made as a result of annual or special examinations. Additionally, affiliates of bank holding companies are subject to disclosure requirements under other regulations.

The regulations also specify restrictions on the disclosure of supervisory information, including prohibited disclosure and limited disclosure provisions. A bank holding company may disclose certain information to its affiliates, directors, officers, employees, auditors, securities underwriters, or legal advisors if it ensures confidentiality.

These Regulations come into force on the day they are registered.