Protection of Assets (Fraternal Benefit Societies) Regulations

8 A society shall, on a daily basis, deposit any net amount received by the society as a result of any security transaction in an account kept by the society

• (a) with the society;

• (b) with a financial institution that is authorized to accept deposits by a law of the jurisdiction in which the financial institution is carrying on business;

• (c) with a trust company that is authorized to hold money in trust by a law of the jurisdiction in which the trust company carries on business;

• (d) with the government of the jurisdiction in which the society is carrying on business, or with an agency thereof that is authorized to act as a custodian of securities; or

• (e) with The Canadian Depository for Securities Limited.