I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 28.29 Disposition versions

2019-06-13

28.29. An authorized deposit institution must adopt an investment policy approved by its board of directors.

The investment policy must, in particular,

(1)  provide for the matching of the respective maturities of the deposit institution’s investments with the deposit institution’s liabilities;

(2)  provide for the appropriate diversification of those investments; and

(3)  include a description of the types of investments and other financial transactions that it authorizes and the limits applicable to them.

The deposit institution must send its investment policy to the Authority at the Authority’s request.

2018, c. 23, s. 353.