29-2 Public Accountability Statements (Banks, Insurance Companies, Trust and Loan Companies) Regulations

Summary

This regulation requires that financial institutions with less than one billion dollars in equity, other than foreign institutions doing business exclusively outside of Canada, are affiliates of a declarant required to publish a public accountability statement. A list of the declarant's affiliates must be included in the public accountability statement. It must also include information about their philanthropic activities other than charitable donations during the time period.

Thumbnail image for This regulation requires that financial institutions with less than one billion dollars in equity, other than foreign institutions doing business exclusively outside of Canada, are affiliates of a declarant required to publish a public accountability statement. A list of the declarant's affiliates must be included in the public accountability statement. It must also include information about their philanthropic activities other than charitable donations during the time period.

Issuer

Canada

Year

2002

Region

North America

Issuer (type)

Ministry of Finance (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Professional, Scientific, & Technical Services

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals