Other Powers


Under the Act , DICO has a number of other powers that it may use as the circumstances require. These include the power to:

  • Impose conditions of deposit insurance
  • Impose an administrative penalty for failure to perform specified requirements
  • Apply to the court to set aside a restricted party transaction
  • Require a meeting of the directors of an insured institution

For Insured Institutions ONLY:

Further information is available in the secured part of our website, on the page Applications, Variations and Exemptions, Compliance Orders, Other Powers.