Financial Community and Trustees

Changes to beneficiary information after a failure

After a failure, Nominee Brokers have up to three business days upon request from CDIC to provide beneficiary information so that CDIC can reimburse insured deposits held in trust.

Nominee Brokers will need to provide this information to CDIC in the required format. If this is not provided in the prescribed time after the failure date, affected Nominee Broker deposits may not be reimbursed.

For information on all the required data elements and accepted formats in providing beneficiary information to CDIC, please visit Nominee Broker Data Requirements, Version 1.0.

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