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Canada Deposit Insurance Corporation Deposit Insurance Information By-law

Version of section 4 from 2006-12-11 to 2018-09-29:

  •  (1) A member institution may, in its advertising, make any of the following representations, or representations in substantially the same words as any of the following representations, with respect to its status as a member institution:

    • (a) “Member of the Canada Deposit Insurance Corporation” (or “A Canada Deposit Insurance Corporation member”);

    • (b) “Member of CDIC” (or “A CDIC member”);

    • (c) “(name of the member institution) is a member of the Canada Deposit Insurance Corporation”; or

    • (d) “(name of the member institution) is a member of CDIC”.

  • (2) The representations referred to in subsection (1) may appear

    • (a) anywhere in advertising that deals exclusively with

      • (i) the member institution, without mentioning any deposit or other financial product, or

      • (ii) deposits insured by the Corporation; and

    • (b) immediately following, or in close proximity to, the name of the member institution in advertising that

      • (i) deals exclusively with deposits insured by the Corporation and refers to both the member institution and a person other than a member institution, using their name or a brand name or other identifier, or

      • (ii) does not deal exclusively with deposits insured by the Corporation, if the statement set out in subsection 9.1(1) appears in close proximity to the representations respecting the deposits that are not insured by the Corporation.

  • SOR/2006-334, s. 4
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