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Canada Deposit Insurance Corporation Deposit Insurance Information By-law

Version of section 6 from 2018-09-30 to 2020-06-17:

  •  (1) A member institution shall prominently display a brochure in physical form, supplied by the Corporation for that purpose, at each of its places of business and shall also make copies of the brochure available there to depositors and all other persons.

  • (2) A member institution shall, as part of the account opening process for a deposit that is eligible to be insured by the Corporation, provide a depositor

    • (a) if all account opening documents are provided only in digital form, with the digital form of a brochure supplied by the Corporation;

    • (b) if all account opening documents are provided only in physical form, with a printed version of the digital form of the brochure; or

    • (c) in any other case, with either the digital form of the brochure or a printed version of that digital form.

  • (3) The physical and digital form of the brochures shall contain the following:

    • (a) general information about the Corporation;

    • (b) contact information for the Corporation;

    • (c) the Corporation’s logo or other identifiers;

    • (d) information as to what constitutes a deposit that is eligible to be insured by the Corporation;

    • (e) the maximum amount of deposit insurance coverage provided by the Corporation; and

    • (f) information as to what a depositor needs to know when the Corporation is obliged to make an insurance payment.

  • (4) For greater certainty, a member institution, or any other person, may make representations about the subject matter of the brochure if the representation is not false, misleading or deceptive.

  • (5) A member institution shall ensure that the location at which and the way in which the brochure is displayed does 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.

  • SOR/2006-334, s. 6
  • SOR/2017-215, s. 5
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