CDIC proposes new deposit insurance training and disclosure rules
The agency points to its own research showing that depositors look first to their financial institutions and advisors as a trusted source on how their money is protected. CDIC would make a training module available for members to use, or they could build their own from the topics the by-law sets out. That requirement would come into force on July 14, 2028, by which point all client-facing staff would need to have finished the training.
The rest of the package is about disclosure. Members would have to show their CDIC membership – through the membership sign, the digital symbol, or a line such as “Member of CDIC” – in paid video advertising carried on a media outlet, including social media, television and streaming services. Advertising already in production or running before the provision takes effect would be exempt.
CDIC also wants to simplify its signage to two forms, a membership sign for physical places of business and a digital symbol for digital platforms, and to replace the printed brochure with a CDIC information sheet that members could display digitally or on paper. Where members sell eligible deposits under a trade name, they would have to post language on those websites explaining the relationship to the member institution and what it means for coverage – aimed at cases where separate brands can leave depositors unsure how much of their money is protected.
CDIC says the costs of some amendments are expected to be low, while others should carry no cost. Most provisions are set to take effect December 1, 2026, with the training requirement following in 2028.
The full text of By-law Amending the Canada Deposit Insurance Corporation Deposit Insurance Information By-law is available at https://gazette.gc.ca/rp-pr/p1/2026/2026-07-04/html/reg1-eng.html.
