Canada Deposit Insurance Corporation Deposit Insurance Information By-law

9 (1) Subject to subsection (2), if a member institution issues an instrument to a person evidencing that the member institution has received or is holding money that constitutes a deposit that is not eligible to be insured by the Corporation, the member institution shall include on the face of the instrument a warning statement in substantially the same words as one of the following statements:

• (a) “Not insured by the CDIC”;

• (b) “Not insured by the Canada Deposit Insurance Corporation”; or

• (c) “The deposit evidenced by this instrument does not constitute a deposit that is insured under the Canada Deposit Insurance Corporation Act”.

(2) If a member institution issues an instrument to a person evidencing that the member institution has received or is holding money that constitutes both a deposit that is eligible to be insured by the Corporation and a deposit that is not eligible to be insured by the Corporation, the member institution shall include on the face of the instrument, in the location specified, a warning statement in substantially the same words as one of the following statements:

• (a) [Repealed, SOR/2019-186, s. 4]

• (b) “The following deposits evidenced by this instrument do not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act:” before the list of deposits that are not eligible to be insured by the Corporation;

• (c) “Not insured by the CDIC” beside the reference to each deposit that is not eligible to be insured by the Corporation;

• (d) “Not insured by the Canada Deposit Insurance Corporation” beside the reference to each deposit that is not eligible to be insured by the Corporation; or

• (e) “Not insured by the CDIC” in a footnote the reference mark for which is located beside the reference to each deposit that is not eligible to be insured by the Corporation.

(3) If a person communicates by telephone with a member institution to make a deposit or commence a transaction to open a deposit account referred to in subsection (1) or (2), the member institution shall

• (a) make an oral representation in substantially the same words as one of the statements set out in subsection (2); and

• (b) issue to the person in writing, in paper or electronic form, a notice that includes one of the statements set out in subsection (2).