2(1)A practice that warrants a premium surcharge is any act or omission of a member institution that results in the member institution(a)failing to comply with subsection 8(2) of the policy of deposit insurance, as prescribed by section 1 of the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law and as set out in the schedule to that By-law, that requires the member institution to have the practices and controls referred to in that subsection;(b)failing to comply with one or more provisions of the policy of deposit insurance, as prescribed by section 1 of the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law and as set out in the schedule to that By-law, that require the member institution to provide the Corporation with the information specified in that policy;(c)failing to comply with section 24 of the policy of deposit insurance, as prescribed by section 1 of the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law and as set out in the schedule to that By-law, that requires the member institution to prepare and maintain the records specified in that section and to retain those records for the period of time specified in that section;(d)failing to comply with one or more provisions of a relevant statute described in subsection (2) that relate to the objects of the Corporation set out in section 7 of the Canada Deposit Insurance Corporation Act and that impose a duty on the member institution in respect of any of the following matters, namely,(i)corporate governance,(ii)preparation and filing of financial statements,(iii)business and powers,(iv)investments,(v)capital and liquidity, and(vi)self-dealing;(e)failing to fulfil the terms of any undertaking given by the member institution to the Corporation;(f)failing to comply with one or more provisions of the Canada Deposit Insurance Corporation Data and System Requirements By-law; or(g)failing to comply with one or more provisions of the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law.(2)For the purposes of paragraph (1)(d), relevant statute means(a)in the case of a federal member institution that is a bank, the Bank Act;(b)in the case of a federal member institution that is a trust or loan company, the Trust and Loan Companies Act;(b.1)in the case of a federal member institution that is an association, the Cooperative Credit Associations Act; and(c)in the case of a provincial member institution, the provincial Act that authorizes the member institution to accept deposits within the meaning of the Canada Deposit Insurance Corporation Act.SOR/2001-299, s. 39; SOR/2005-117, s. 1; SOR/2008-294, s. 1; SOR/2010-293, s. 1SOR/2023-37, s. 3