Forward Regulatory Plan 2016-2018

Regulatory Initiative: Possible amendments to the Canada Deposit Insurance Corporation
Differential Premiums By-law – Forward Regulatory Plan 2016-2018

Title or working title of the regulatory initiative:
Possible amendments to the Canada Deposit Insurance Corporation Differential Premiums By-law

Description of the objective:
CDIC annually reviews this By-law to confirm it is technically up-to-date. Technical amendments are being considered to theCanada Deposit Insurance Corporation Differential Premiums By-law to clarify the Tier 1 Capital Ratio that is to be reported by member institutions, and to ensure the integrity of the calculation of members’ Three-Year Moving Asset Growth Ratios.

The By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law would be made pursuant to paragraph 11(2)(g) and section 21 of the Canada Deposit Insurance Corporation Act.

Indication of business impacts:
There are no expected business impacts.

Public consultation opportunities:
The proposed amendments to the Canada Deposit Insurance Differential Premiums By-law are administrative, or mirror changes made by the Office of the Superintendent of Financial Institutions, and as such do not represent new requirements for CDIC’s member institutions.  Interested stakeholders will have an opportunity to review and comment on the proposed amendments when the By-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law is pre-published in the Canada Gazette, Part I.

Departmental contact:
Emiel J. van der Velden
Director, Insurance, Insurance and Risk Assessment
Canada Deposit Insurance Corporation
50 O’Connor St, 17th Floor
Ottawa, Ontario K1P 6L2
613.943.2773
evandervelden@cdic.ca

Proposed Regulatory Initiatives