如何理解schedule 2 banks、schedule 3 banks是不是federally- regulated 呢？

老师您好，Ch1习题中有一道选择以下描述最不准确的一项的题，
请问为什么“schedule 2 banks are incorporated and operated in Canada as federally-regulated foreign institutions”这句话的描述是不正确的；
为什么”schedule 3 banks are federally-regulated foreign banks branches of foreign institutions that have been authorized under the Bank Act to do banking business in Canada”这句话的描述是正确的
应该如何理解这两句话中的federally- regulated呢？谢谢老师🙏