Treasury Regulations in effect on the date of signature of the agreement. (institution financière canadienne non déclarante)U.S. reportable accountU.S. reportable accountmeans a financial account that, under the agreement, is to be treated as a U.S. reportable account. (compte déclarable américain)Marginal note:Financial institution(2)For the purposes of this Part,Canadian financial institutionandreporting Canadian financial institutioneach have the meaning that would be assigned by the agreement, and the definitionnon-reporting Canadian financial institutionin subsection (1) has the meaning that would be assigned by that subsection, if the definitionFinancial Institutionin subparagraph 1(g) of Article 1 of the agreement were read as follows:g)The termFinancial Institutionmeans any Entity that is a Custodial Institution, a Depository Institution, an Investment Entity or a Specified Insurance Company, and that is a listed financial institution within the meaning of Part XVIII of theIncome Tax Act.Marginal note:Financial account(3)For the purposes of this Part, the agreement is to be read as if the definitionFinancial Accountin subparagraph 1(s) of Article 1 of the agreement included the following subparagraph after subparagraph (1):(1.1)an account that is a client name account maintained by a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments, or to provide portfolio management or investment advising services.Marginal note:Identification number(4)For the purposes of this Part, a reference in the agreement to “Canadian TIN” or “taxpayer identification number” is to be read as including a reference to Social Insurance Number.Marginal note:Term defined in agreement(5)In this Part, a term has the meaning that is defined in, or assigned by, the agreement unless the term is defined in this Part.Marginal note:Amending instrument(6)No person shall be liable for a failure to comply with a duty or obligation imposed by this Act that results from an amendment to the agreement unless at the date of the alleged failure,(a)the text of the instrument that effected the amendment had been published in theCanada Gazette; or(b)reasonable steps had been taken to bring the purport of the amendment to the notice of those persons likely to be affected by it.
(a)an authorized foreign bank within the meaning of section 2 of theBank Actin respect of its business in Canada, or a bank to which that Act applies;(b)a cooperative credit society, a savings and credit union or a caisse populaire regulated by a provincial Act;(c)an association regulated by theCooperative Credit Associations Act;(d)a central cooperative credit society, as defined in section 2 of theCooperative Credit Associations Act, or a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial Act other than one enacted by the legislature of Quebec;(e)a financial services cooperative regulated byAn Act respecting financial services cooperatives, R.S.Q., c