CDIC supports member institutions’ implementation of changes to the deposit insurance framework

The Government of Canada has announced that changes to CDIC deposit protection originally slated for April 30, 2021 are deferred by one year and will now come into force on April 30, 2022. Content on this page has been updated to reflect the new coming into force date of April 30, 2022

OTTAWA – February 6, 2020 – With changes to deposit insurance coming into force on April 30, 2020 and April 30, 2022, CDIC is providing its members with a variety of online resources to support their implementation of the new framework.

Stakeholders can view and download key information from a special section on CDIC’s website. Implementing changes to the Deposit Insurance Framework features information about:

• Amendments to the CDIC Act and Co-owned and Trust Disclosure By-law (COTDB) (PDF, 1 MB)
• Amendments to the Deposit Insurance Information By-law (DIIB) and Premiums Approach (PDF, 455 KB)
• Data and System Requirements Overview (PDF, 498 KB)
• Communications and Stakeholder Outreach (PDF, 256 KB)

Member institutions can also download the new abbreviated brochure outlining the changes of the deposit insurance framework changes effective April 30, 2020. The brochure will be updated again to coincide with changes coming into force on April 30, 2022.

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For further information:

Brad Evenson
Director, Communications and Public Affairs
Tel: 613.943.4395
E-mail: media@cdic.ca