The following documents provide more guidance on CDIC By-Laws that will help you understand what the requirements for each are. You should read all of them to garner a better understanding of how deposit insurance pertains to trust. Links are to PDF documents, unless specified:
This Information Bulletin covers the following areas: How CDIC’s coverage rules for trust deposits apply to deposits made by brokers; What disclosure is required to ensure clients’ deposits are protected by CDIC; How to ensure Member Institutions receive your client information; and, How CDIC aggregates eligible deposits in a failure.
This Information Bulletin is primarily to assist member institutions in meeting CDIC’s expectations and display requirements as set out in the Deposit Insurance Information By-law. Brokers and other financial professionals may wish to consult the Bulletin to avoid making false, misleading or deceptive representations about what is or is not a deposit, what is or is not an insured deposit, or who is a CDIC member.