148.3. Despite section 23 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), a dealer registered as a mutual fund dealer or scholarship plan dealer may receive deposits on behalf of a deposit institution authorized under that Act or a member bank of the Canada Deposit Insurance Corporation through the dealer’s representative. No cash deposit may be received by such a representative.
All deposits so received must be deposited with the deposit institution or bank on whose behalf the dealer is acting.
2009, c. 25, s. 14; 2018, c. 23, s. 68311a.