Canada Deposit Insurance Corporation Data and System Requirements By-law
Marginal note:Required elements
3 (1) For the purpose of facilitating the Corporation’s exercise of its functions under section 14 of the Act or in the event that an order is made under subsection 39.13(1) of the Act, every member institution must implement a method of identifying, capturing, organizing and producing its deposit liability data, in accordance with the Data Requirements, that includes the means to
(a) facilitate the identification of depositors;
(b) subject to subsection (1.1), identify the deposit liabilities that
(c) calculate the interest accrued or payable on each deposit as of the determination date;
(d) restrict and resume access to the deposit liabilities or a portion of the deposit liabilities;
(e) produce, at the determination time, the standardized data as it exists at that time; and
(f) reproduce at any time after the determination time, the standardized data as it existed at the determination time.
Marginal note:Scope of means to identify
(1.1) For the purposes of paragraph (1)(b), the means to identify the deposit liabilities referred to in that paragraph does not include a means to identify the deposit liabilities posted in the records of a foreign branch of the member institution.
Marginal note:Implementation date
(2) A member institution must implement the method referred to in subsection (1) not later than June 30, 2013.
Marginal note:Providing standardized data on request
(3) The Corporation may, at any time, for the purpose referred to in subsection (1), request that a member institution provide or make available to the Corporation the standardized data, or any portion of it, and the institution must provide that standardized data to the Corporation at the Corporation’s request.
- SOR/2015-57, s. 2
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