Section 18B

A deposit-taking member shall train its agents and personnel who deal directly with customers or prospective customers for the opening of any deposit account or the purchase of any deposit, or purchase of any products of non-deposit-taking member or non-deposit products from deposit-taking member under regulation 8, on the deposit insurance system including the scope of coverage and the protection limit.

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For the purpose of subregulation (1), a deposit-taking member shall provide training sessions to the agents and personnel in accordance with the requirements as may be specified by the Corporation.

Annual review