Regulatory Alerts2019-06-14
Notice Regarding Deposit Protection
The Autorité des marchés financiers (AMF) issued this notice to announce the June 13, 2019 transition of Québec’s Deposit Insurance Act into the Deposit Institutions and Deposit Protection Act (DIDPA). This legislative update reclassifies registered entities as authorized deposit institutions, replaces the term deposit insurance with deposit protection, and mandates interim application of existing regulations pending formal amendments. Concurrently, the AMF has updated its official website, brochure, and institutional logo to reflect these changes for authorized deposit institutions.
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