D-9.2 - Act respecting the distribution of financial products and services

Section 142 Disposition versions

2019-06-13

142. Independent representatives registered for an insurance sector and independent partnerships acting through an insurance representative may, notwithstanding section 23 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), receive deposits on behalf of a deposit institution authorized under that Act or a member bank of the Canada Deposit Insurance Corporation. No such representative may, however, receive a deposit of money.

Such deposits must be deposited with the deposit institution or bank on whose behalf the representative acts.

1998, c. 37, s. 142; 2018, c. 23, s. 546.

1999-10-01

142. Independent representatives registered for an insurance sector and independent partnerships acting through an insurance representative may, notwithstanding sections 23 and 24 of the Deposit Insurance Act (chapter A‐26), receive deposits on behalf of a deposit institution. No such representative may, however, receive a deposit of money.

Such deposits must be deposited with the deposit institution on whose behalf the representative acts.

1998, c. 37, s. 142.