Canada Deposit Insurance Corporation Deposit Insurance Information By-law
10 A member institution shall not, in the course of its deposit-taking activities relating to deposits eligible to be insured by the Corporation, use one of its trade names in its representations about who is a member institution, what constitutes a deposit or what constitutes a deposit that is insured by the Corporation, unless the member institution
(a) prepares and maintains an up-to-date list of those trade names;
(b) makes the list available on its website in a location that a depositor would be reasonably expected to look for information about the member institution’s trade names;
(c) provides the Corporation with a copy of the list with its Return of Insured Deposits;
(d) provides the Corporation with not less than 15 days’ notice of any new trade name to be used in the course of its deposit-taking activities relating to deposits eligible to be insured by the Corporation and the date of the intended first public use of that trade name by the member institution; and
(e) permits the Corporation to make the contents of the list, and any updates to the list, available to the public.
- SOR/2017-215, s. 11
- SOR/2020-272, s. 5
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