Canada Gazette, Part I, Volume 158, Number 30: MISCELLANEOUS NOTICES
July 27, 2024
BANKING CIRCLE S.A.
APPLICATION TO ESTABLISH A FOREIGN BANK BRANCH
Notice is given pursuant to subsection 525(2) to the Bank Act of Canada that Banking Circle S.A., a foreign bank with its head office in Luxembourg, intends to apply to the Minister of Finance (Canada) for an order permitting it to establish a full-service branch in Canada to carry on the business of banking.
Subject to the prior approval of the Minister and receipt from the Superintendent of Financial Institutions of an order to commence and carry on business, the branch intends to carry on business under the name Banking Circle S.A. - Canada Branch and its principal office will be located in Toronto, Ontario. The ultimate controlling shareholder of Banking Circle S.A. is EQT Fund Management S.à r.l., acting as manager of EQT VIII.
Any person objecting to the proposed order may submit an objection in writing to the Office of the Superintendent of Financial Institutions (Canada), 255 Albert Street, 12th Floor, Ottawa, Ontario K1A 0H2 on or before September 9, 2024.
The publication of this notice should not be construed as evidence that an order will be issued to establish the foreign bank branch. The granting of the Order will be dependent on the normal Bank Act (Canada) application review process and at the discretion of the Minister of Finance (Canada).
July 20, 2024
Banking Circle S.A.
By its solicitors
Bennett Jones LLP
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