CDIC and Brokered Deposits – Guidance and Webinar Documents
In May of 2018, the Canada Deposit Insurance Corporation released an information bulletin specifically for brokers and financial advisors, covering the following areas:
- How CDIC’s coverage rules for trusts apply to deposits made by brokers;
- What disclosure is required to ensure clients’ deposits are protected by CDIC;
- How to ensure Member Institutions receive your client information; and,
- How CDIC aggregates eligible deposits in a failure.
Below is a link to the document:
Also, in August of 2018, the Canada Deposit Insurance Corporation held a webinar titled “Understanding CDIC Coverage of Brokered Deposits.” Below is a link to the slideshow from the webinar: