Further CDIC Act amendments now in force

Posted on November 16, 2010

The bridge institution provisions of the Canada Deposit Insurance Corporation Act (CDIC Act), as they relate to the exemption from the termination, netting and collateral enforcement safe-harbour that otherwise applies in a CDIC receivership of a deposit insured federal institution, came into force on November 1. As we discussed in July, the amendments were part of federal Bill C-9, the Jobs and Economic Growth Act.

Tags:
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.canadianstructuredfinancelaw.com/admin/trackback/230029
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.