Canada Deposit Insurance Corporation Joint and Trust Account Disclosure By-Law
6 (1) For the purposes of subsection 3(3) of the schedule, a depositor that is acting as trustee for two or more beneficiaries must disclose the following information for inclusion in the records of the member institution:
(a) before the determination date,
(b) within 30 days after April 30 of each year, particulars of the amount or percentage of each beneficial interest as of April 30 of the year.
(2) A depositor may remedy a failure to disclose the information referred to in paragraph (1)(b) in respect of a particular year within the time required by that paragraph by disclosing, at any time before the determination date, the required information as of April 30 preceding the day on which it is disclosed.
- SOR/2009-160, s. 1
- SOR/2010-206, s. 4
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