Clause 143 deals with the Trust and Loan Companies Act. It actually amends subsection 424(1) to include deposits in foreign currency. At the moment, only deposits in Canadian currency are allowed. The intent therefore is to broaden the program to include foreign currencies.
The intent is also to ensure that, after the period of inactivity, financial institutions transfer to the Bank of Canada the social insurance numbers and dates of birth of those who hold those accounts.
Finally, financial institutions are also to transfer copies of signature cards and signing authorities to the Bank of Canada.
Once again, these are clarifications to make sure that information will not be lost and that it will be transferred to the Bank of Canada, which can then use it to find people as quickly as possible and connect with those who may be looking for lost deposits.