Financial Community

Legislation related to brokered deposits 

To be compliant with trust deposit regulations, be sure to read or have your legal team read the following Act and By-Laws that cover trust deposits. 

Note that all links in this section are external and will take you to applicable law on the Department of Justice website. 

Section 3 of the CDIC Act Schedule details information about trusts and how deposit insurance is calculated on them.

This By-Law details and provides more information on the trust disclosure rules that you, as a nominee broker, must follow.

This By-Law governs disclosures about membership status and the deposit insurance protection provided by the Canada Deposit Insurance Corporation (CDIC). The By-law includes a prohibition on the making of 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.

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