Canada Gazette, Part I, Volume 157, Number 26: MISCELLANEOUS NOTICES
July 1, 2023
INNOVATION FEDERAL CREDIT UNION
DESIGNATED OFFICE FOR THE SERVICE OF ENFORCEMENT NOTICES
Notice is hereby given, pursuant to section 4 of the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations under the Bank Act (Canada), that Innovation Federal Credit Union has designated the following office, for all provinces and territories, for the purpose of service of enforcement notices: P.O. Box 1090 Station Main, 198 1st Avenue NE, Swift Current, Saskatchewan S9H 3X3.
July 1, 2023
Innovation Federal Credit Union
PACIFIC LIFE RE LIMITED
RELEASE OF ASSETS
Pursuant to section 651 of the Insurance Companies Act (Canada) [the “Act”], notice is hereby given that PACIFIC LIFE RE LIMITED intends to apply to the Superintendent of Financial Institutions (Canada) on August 3, 2023, for an order authorizing the release of the assets that it maintains in Canada in accordance with the Act.
Any policyholder or creditor in respect of PACIFIC LIFE RE LIMITED’s insurance business in Canada opposing that release is invited to file an opposition by mail to the Office of the Superintendent of Financial Institutions (Canada), Regulatory Affairs Division, 255 Albert Street, Ottawa, Ontario K1A 0H2, or by email at approvals-approbations@osfi-bsif.gc.ca, on or before August 3, 2023.
June 22, 2023
Sarah Cheng
Chief Agent
ROYAL BANK OF CANADA
HSBC BANK CANADA
HSBC TRUST COMPANY (CANADA)
HSBC MORTGAGE CORPORATION (CANADA)
HSBC FINANCE MORTGAGES INC.
LETTERS PATENT OF AMALGAMATION
Notice is hereby given, pursuant to the provisions of section 228 of the Bank Act (Canada), that Royal Bank of Canada (“RBC”), HSBC Bank Canada (“HBCA”), HSBC Trust Company (Canada), HSBC Mortgage Corporation (Canada), and HSBC Finance Mortgages Inc., which will continue as a corporation under the Canada Business Corporations Act, (together, the “Applicants”) intend to make a joint application to the Minister of Finance, on or after July 8, 2023, for letters patent of amalgamation continuing the Applicants as one bank under the name “Royal Bank of Canada” in English and “Banque Royale du Canada” in French. The head office of the amalgamated bank would be located in Montréal, Quebec. The application for letters patent of amalgamation is conditional on RBC receiving the required regulatory approvals for acquiring all of the shares of HBCA pursuant to a share purchase agreement dated November 29, 2022, between RBC and HSBC Overseas Holdings (UK) Limited (“Proposed Acquisition”).
The proposed amalgamation will take effect after the completion of the Proposed Acquisition. The effective date of the proposed amalgamation will be the date fixed by the letters patent of amalgamation. If the Proposed Acquisition is not completed, the Applicants will not amalgamate.
Note: The publication of this notice should not be construed as evidence that letters patent will be issued. The granting of the letters patent will be dependent on the normal Bank Act application review process and the discretion of the Minister of Finance.
June 17, 2023
- Royal Bank of Canada
- HSBC Bank Canada
- HSBC Trust Company (Canada)
- HSBC Mortgage Corporation (Canada)
- HSBC Finance Mortgages Inc.
UNITED AMERICAN INSURANCE COMPANY
RELEASE OF ASSETS
Pursuant to section 651 of the Insurance Companies Act (Canada) [the “Act”], notice is hereby given that United American Insurance Company intends to apply to the Superintendent of Financial Institutions (Canada), on or after July 22, 2023, for an order authorizing the release of the assets that it maintains in Canada in accordance with the Act.
Any policyholder or creditor in respect of United American Insurance Company’s insurance business in Canada opposing such release is invited to file an opposition by mail to the Office of the Superintendent of Financial Institutions (Canada), Regulatory Affairs Directorate, 255 Albert Street, Ottawa, Ontario K1A 0H2, or by email at Approvals-Approbations@osfi-bsif.gc.ca, on or before July 22, 2023.
Toronto, June 10, 2023
Laurie LaPalme
Chief Agent in Canada