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Financial Community and Trustees

Notice:

As of April 30, 2022, CDIC protection is expanded to include Registered Education Savings Plans and Registered Disability Savings Plans. There are also new rules for deposits held in trust. These changes are part of the Government of Canada’s commitment to modernize and enhance CDIC deposit protection to reflect how Canadians bank and save.

Nominee Brokered Deposit (NBD) Compliance Framework

As new requirements for nominee brokers came into force on April 30, 2022, CDIC is working with industry to ensure brokers are supported in their efforts to comply with the new requirements to protect clients’ deposits.

The CDIC NBD Compliance Framework outlines the high-level objectives, structure, and key components of CDIC’s approach to oversee compliance with the new rules.

CDIC continues to develop and refine the processes required to implement the high-level compliance framework. Further details regarding these supporting compliance processes will be shared with industry and other interested stakeholders as they become available.

Be sure to consult this website regularly for information and updates on new developments on the compliance front.

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