Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Canada Deposit Insurance Corporation Joint and Trust Account Disclosure By-Law

Version of section 7 from 2006-03-22 to 2010-12-31:

  •  (1) The information referred to in section 5 and subparagraph 6(1)(a)(ii) is not required to be disclosed on the records of a member institution if the information described in subsection (2) is disclosed on the records of the institution in lieu thereof and the deposit is held in trust by

    • (a) the public trustee of a province or a similar public official whose duties involve holding moneys in trust for others;

    • (b) a federal, provincial or municipal government, or a department or agency thereof;

    • (c) a solicitor or partnership of solicitors, a law corporation, or a notary or partnership of notaries in the province of Quebec, when they act in that capacity as a trustee of moneys for others;

    • (d) a person who is acting as a trustee of moneys for others in the course of business and is required by or under a statute to hold the deposit in trust; or

    • (e) a person who is acting as a trustee of moneys for others in the course of business and is required to hold the deposit in trust by the rules of a securities commission, stock exchange or other regulatory or self-regulating organization that audits compliance with those rules.

  • (2) For the purposes of subsection (1), the information that is to be disclosed on the records of a member institution is a separate alphanumeric code or other identifier, in respect of each beneficiary, that can be found in records kept by the depositor that contain an up-to-date list of

    • (a) the name and address of each beneficiary; and

    • (b) particulars of the amount or percentage of each beneficial interest.

Date modified: