Canada Deposit Insurance Corporation Data and System Requirements By-law

Marginal note:Identification of deposit liabilities

• 4 (1) Subject to subsection (1.1), every member institution must be capable of

  • (a) identifying its deposit liabilities by each of their distinct characteristics and grouping together the deposit liabilities that have the same characteristics, in accordance with the Data Requirements; and

  • (b) identifying its deposit liabilities in respect of each depositor by each of their distinct characteristics and grouping together the deposit liabilities in respect of a depositor that have the same characteristics, in accordance with the Data Requirements.

• Marginal note:Scope of capability to identify

  (1.1) For the purposes of subsection (1), the capability referred to in paragraphs (1)(a) and (b) does not include the capability to identify the deposit liabilities that are posted in the records of a foreign branch of the member institution.

• Marginal note:Characteristics of deposit liabilities

  (2) For the purposes of subsection (1), the characteristics of a deposit liability include the identity of the depositor and whether the deposit is

  • (a) uninsurable;

  • (b) held by a depositor acting as a trustee for a single beneficiary;

  • (c) held by a depositor acting as a trustee for two or more beneficiaries;

  • (d) held by a depositor as a joint owner;

  • (e) held in a registered retirement savings plan;

  • (f) held in a registered retirement income fund;

  • (g) held in a tax-free savings account; or

  • (h) held to the credit of a mortgagor for payment of realty taxes.

• Marginal note:Calculating interest

  (3) Every member institution must be capable of calculating the interest accrued or payable on each deposit as of the determination date, in accordance with the Data Requirements.

• Marginal note:Preventing and permitting withdrawals

  (4) Every member institution must be capable of temporarily preventing withdrawals of all or any portion of its deposit liabilities and of subsequently permitting withdrawals of all or any portion of those previously withheld deposit liabilities, in accordance with the Data Requirements.

• Marginal note:Time limit

  (5) Every member institution must be capable of providing or making available the standardized data or any portion of it to the Corporation, in accordance with the Data Requirements,

  • (a) in the case of the data referred to in paragraph 3(1)(c),

    • (i) if the determination time occurs on or after the determination date, not later than the earlier of

      • (A) the end of the period of 30 hours after the determination time, and

      • (B) 4:00 pm on the second day after the determination date, and

    • (ii) if the determination time occurs before the determination date, not later than 4:00 pm on the second day after the determination date; and

  • (b) in the case of any other standardized data,

    • (i) if the determination time occurs on or after the determination date, not later than the earlier of

      • (A) the end of the period of six hours after the determination time, and

      • (B) 4:00 p.m. on the day after the determination date, and

    • (ii) if the determination time occurs before the determination date, not later than 4:00 p.m. on the day after the determination date.