Amendments to CDIC given Royal Assent
As discussed back in April, federal Bill C-9, the Jobs and Economic Growth Act, which in part amends the Canada Deposit Insurance Corporation Act (CDIC Act) to clarify an exemption to the EFC safe-harbour, received First Reading in the House of Commons on March 29, 2010. The Bill has now passed both the House of Commons and Senate and received Royal Assent.
But for sections 1889 and 1890 of Bill C-9, the amendments to the CDIC Act are now in force. The remaining two sections, meanwhile, will come into force when section 245(7) of the Budget Implementation Act, 2009 come into force.
