News & Events

In May of 2018, the Canada Deposit Insurance Corporation released an information bulletin specifically for brokers and financial advisors, covering the following areas:

1. How CDIC’s coverage rules for trusts apply to deposits made by brokers;
2. What disclosure is required to ensure clients’ deposits are protected by CDIC;
3. How to ensure Member Institutions receive your client information; and,
4. How CDIC aggregates eligible deposits in a failure.

Below is a link to the document:

Guidance for CDIC Coverage of Brokered Deposits

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:

CDIC Webinar Slide Show