Registered Deposit Brokers Association (RDBA) is the professional standards association for the Canadian client name deposit industry founded in 1986.
RDBA protects depositors’ interests and strengthens market integrity and efficiency in the Canadian Deposit Broker industry. RDBA helps shape regulatory initiatives, provides members with opportunities to exchange ideas, educates members on industry issues, offers designations through courses approved by Advocis and administers a national registry and referral service for clients and financial institutions seeking Deposit Brokers. RDBA members are comprised of Canadian Financial Institutions and Deposit Brokers.
RDBA Deposit Brokers are vetted, trained, and tested to ensure that they meet the requirements of both the Financial Institutions that they represent and the Code of Ethics and Rules and Regulations of the RDBA. Each of these elements is included in a compliance summary that is updated daily and available to the deposit-taking institutions with whom the Deposit Broker has an agency agreement.