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Canada Deposit Insurance Corporation Deposit Insurance Information By-law

Version of section 4 from 2020-04-30 to 2020-12-12:

  •  (1) If a member institution makes a representation about its status as a member institution in its advertising, other than by displaying the membership sign or badge, it shall use one of the following representations, or a representation in substantially the same words as any of the following representations:

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

    • (b) “Member of the 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 the CDIC”.

  • (2) Subject to subsection (3), the representations may appear anywhere in the advertising of a member institution, if the location at which and the manner in which they are displayed do not give the impression that

    • (a) a person is a member institution when they are not a member institution; or

    • (b) a deposit is insured by the Corporation when it is not eligible to be insured by the Corporation.

  • (3) [Repealed, SOR/2019-186, s. 1]

  • SOR/2006-334, s. 4
  • SOR/2017-215, s. 3
  • SOR/2019-186, s. 1
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