Home Membership Membership Qualifications

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The RDBA offers the following classes of membership, qualifications and requirements.

A Deposit Broker Member must:

  • Be an individual who is the age of majority in the province of residence, and who is the principal owner of a corporation registered Federally or in any Province of Canada or is in a partnership or is the sole owner of a firm that sells deposit products to the investing public.
  • Be engaged in a financially related business as their primary occupation.
  • Provide three character reference letters from Financial Institutions with whom he/she has contracts (two must be from a trust company, credit union, or bank).
  • Not be excluded from membership by his/her professional association.

 

An Affiliate Member must:

  • Be an individual who is the age of majority in the province of residence.
  • Be sponsored by and submit a letter of reference from a Deposit Broker Member in good standing of the RDBA with whom he/she maintains a business relationship as either an Affiliate or an employee.
  • Be engaged in a financially related business as their primary occupation.
  • Not be excluded from membership by his/her professional association.

Financial Institution Member

Requirements:
  • Be a Member of CDIC, or other government deposit insurer, offering equivalent or superior deposit insurance and that is recognized by the Corporation who submits the name of an individual who is employed or associated with the Financial Institution.
  • Financial Institution Affiliate Member

    Requirements:
  • Be a individual who is the age of majority in the province of residence.
  • Be an employee of an RDBA Financial Institution Member.
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