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Canadian Treatment Of Non-Qualifying Capital Instruments (Basel III Capital Rules)
On February 4, 2011, the Canadian regulatory authority that supervises bank holding companies, banks and other deposit-taking institutions (OSFI ) issued an Advisory that clarifies OSFI ’s expectations with respect to rights of redemption under so-called regulatory event clauses governing certain capital instruments of bank holding companies, banks, and federally regulated trust and loan companies (collectively, DTIs), and provided guidance as to the phase-out schedule for recognition of capital
Norton Rose Fulbright Canada LLP

